Principles of the Civil Code

Jeremy Bentham

Part 1, Chapter 6, Footnote #01
An example: the evil of gambling

It is to this head that the evil of gambling may be referred. Though the chances, as they respect money, may be equal, the chances, as they respect happiness, are always unfavourable. I possess £1000; the stake is £500: if I lose, my fortune is diminished one half; if I gain, it is is only increased one third. Suppose the stake to be £1000: if I gain, my happiness is not doubled with my fortune; if I lose, my happiness is destroyed---I am reduced to poverty.

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Pcc, Part 1, Chapter 6 Propositions of Pathology on which the advantage of Equality is founded.