The Gambling Animal

DR: The Gambling Animal, is a new book about deep risk and how humans gambled their way brazenly to planetary dominance.
GH: I’m Glenn Harrison, from the US, Australia, and Sweden
DR: And I’m Don Ross, from South Africa, Ireland, and Canada.
GH: We are economists who study responses to risk, using experiments with people, and recently elephants.
GH: Just 50,000 years ago humans were a fringe species, no smarter than elephants – there were 20,000 times more elephants in the world than people. The two species faced very similar risks. How did this turn completely upside-down so fast?
DR: Humans have been very lucky – so far. But as experienced gamblers know, winning streaks aren’t forever, and sometimes they end in disaster. How do things look for humanity in the global casino now? We invite you to read The Gambling Animal to find out!

Book launch

Helsinki Talk, The Gambling Animal, Humanity’s Evolutionary Winning Streak: video

News24 interview

Business Day review: AI, elephants and communication frontiers.

Business Day review: The high-stakes, very human, nature of risk

Publisher

Available to Buy

Reviews

Profile Books has scooped The Gambling Animal, a “deep and surprising” new book by economists Don Ross and Glenn Harrison, arguing that risk has driven human evolution. The synopsis describes The Gambling Animal as “a profoundly unsettling account of human exceptionalism”, adding: “Evolution is a series of bets and no animal gambles the way humans do. This has led us to unprecedented ecological dominance, via the steepest odds and unlikeliest of outcomes. But our winning streak cuts both ways: the secret to our success may yet be our downfall.” The authors said: “Studying risk by doing experiments with thousands of people on different continents, as we have, and then extending that to experiments with elephants, we’re used to straying a bit from the standard path of economists. Fortunately Profile’s editors were up for joining us in going off-road, and helped us a lot in making sure we could take readers on that trip. Yes, along with risk-managing human ancestors, they will meet risk-managing elephants!” Everington commented: “I am delighted to be publishing this book with Don and Glenn. The Gambling Animal is a masterpiece in interdisciplinary work that weaves together the tale of humans (and elephants!) by looking at convergent evolution, cultural evolution and risk management strategies that have arisen in response to various ecological challenges.”
The Bookseller
April 15, 2024
This is a masterful integration of scientific insights on “the human path to ecological domination,” a scholarly work made accessible to the intelligent non-specialist with care to explain the basic terms and concepts. It surveys human choice patterns (“gambles”), conceived broadly to include both motivational and genetic selection, from their very earliest history through the stimulus of the ice ages, the changes wrought by cooking fires, farming, writing, and capital markets, to our current confrontation with looming ecological disaster. The authors frame these patterns as risk management, but their analysis goes beyond familiar behavioral economics to bring in recent evidence about migration patterns, cortical neuron densities, genocidal epidemics—and elephants. The elephants might seem like comic sidekicks at first, but the authors, who do actual laboratory experiments on their choice-making, point out that elephants are the only species with comparable brain neuron densities to have evolved alongside homo sapiens on the African savannah during the late Pleistocene epoch. Elephants’ augmented neurons are cerebellar rather than cerebral and their anatomy is very different, but through “convergent evolution” they developed a flexibility of choice-making as great as that of humans and well beyond that of non-human great apes. The authors argue cogently that comparison with elephants provides the best evidence about how humanity developed during that distant period, as well as the best illustrations of humans’ unique intellectual bent: Dense cerebral packing has both blessed and cursed people with such great powers of imagination that the line between fact and fantasy is often tragically obscured, whereas elephants’ dense cerebellar packing has made them pragmatic reasoners. The authors summon a hypothetical elephant anthropologist to give a trenchant account of peoples’ puzzling preoccupations; this is the high point of the book’s broad range of illustrative examples. It was a pleasure to read this many-faceted ecological history, even the stern warning at the end. This behavioral economics at its best.
George Ainslie
Chief Psychiatrist at the Veterans Affairs Medical Center, and Clinical Professor of Psychiatry
This is a fascinating exploration of the way people who are individually risk-averse take big risks collectively, including now gambling with the existence of humanity. The authors weave together insights from economics and evolutionary science to paint a persuasive picture of how humans’ social brains - developed in response to environmental uncertainty - have given us a uniquely powerful but dangerously flawed type of intelligence.
Dame Diane Coyle
Bennett Professor of Public Policy at the University of Cambridge
This valuable and highly enjoyable book offers a fresh perspective: human evolution as a story of collective risk management, seasoned with a bit of luck. The Gambling Animal takes us on a tour through the gambles of life, from the survival struggles of early hominids to the allure of video poker to our high-stakes wager on climate change. If you are curious about humanity’s evolutionary gamble, this book is for you.
Gerd Gigerenzer
Director at the Max Planck Institute for Human Development
How humans evolved to think about risk may cost Earth dearly - A provocative new book delves into the way humans – and elephants – evolved to manage risk. We might do better to think more like elephants.
Humans and Elephants: We’re Not So Exceptional After All: A new book offers an unsettling account of human exceptionalism and shows that the unique ways we gamble with risks and move out of our comfort zones may yet be our downfall.
A sweeping and page-turning story of how humans - and other animals - manage the myriad risks that continually face us. The authors make a compelling case that the management of risk shapes whether we flourish (or perish) both as individuals, and as a species.
Nick Chater
Professor of Behavioural Science, Warwick Business School, author of "The Mind is Flat."