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safely gambling the day away

Discussion in 'General Business' started by ADVOKATKU, Sep 25, 2006.

  1. #1
    It's late afternoon in the Los Angeles suburb of Torrance, and Renee Tanaka isn't worried about where her teenage son Ryan or his friends are. They're in the backyard, safely gambling the day away.

    At a table under the gazebo, Ryan, 16, and his friends are playing poker for money, a pastime that many would consider at least inappropriate for kids and that is outright illegal in some states. It doesn't matter that the teenagers are playing a $5 buy-in poker game so excruciatingly slow that it would take a fortnight to run through Ryan's allowance. Gambling is gambling, and with today's endless hand wringing about kids and distractions, it is a scourge, a gateway to a lifetime of misbehavior and penury.

    For everyone, that is, except kids and their parents. In fact, as high schools settle into the routine of a new school year, poker is resuming its place as one of the most popular and socially accepted activities in teenagers' lives. Cable TV draws young viewers for popular celebrity-poker shows and big-ticket poker tournaments (more than a million people tuned in for each ESPN telecast of the 2006 World Series of Poker). Schools throughout the country offer casino nights, using play money or raffles, as a way to keep kids from going to unsupervised parties, with their attendant risks of alcohol and drunk driving. And almost everywhere, parents gladly throw poker games for their teenage children, particularly the boys.

    Why the parental aiding and abetting? It's not just that poker in the home keeps kids off the unpredictable streets. Many parents are saying that their kids get real-life lessons from playing poker with one another. Keeping track of the odds and the cards can help sharpen math skills without the kids even knowing it. And perhaps more important for teenage boys, who studies show lag in the development of their emotional intelligence, poker provides personal interaction. The game's central task--reading faces and psyching out opponents--can boost their EQ in ways that many other typical teenage activities do not. "As long as the money doesn't get out of hand, I think it's positive," says Renee. "They're building friendships. And I think it's teaching them some skills too."

    Many experts agree with her. In their classic 1944 book, Theory of Games and Economic Behavior, John von Neumann and Oskar Morgenstern built a mathematical model of economic and social organization--creating the foundations of modern game theory--by studying strategy games like poker. Poker is like life, the argument goes, a battlefield where the players constantly try to assess risks and guess one another's next moves. More recently, Anthony Cabot, a leading gaming-law attorney who represents online and casino operators, co-authored a paper for the Thomas M. Cooley Law Review linking poker to other games in history, like jousting, that have motivated young men to increase their combat skills. He wrote that even Islam, which prohibits gambling, has made exceptions for betting on horse races as a way to spur, as it were, youths to become better horsemen and warriors. Some educators leverage the game's current popularity to sneak in their lessons. Emory University math professor Ronald Gould, for example, teaches his freshmen students basic concepts of probability using five-card stud, or for more challenging computations, a seven-card game like Texas Hold 'Em.
     
    ADVOKATKU, Sep 25, 2006 IP