The essence of the phenomenon ...

The essence of the phenomenon of gambling is decision making. The act of making a decision consists of selecting one course of action, or strategy, from among the set of admissible strategies.
The essence of the phenomenon of gambling is decision making. The act of making a decision consists of selecting one course of action, or strategy, from among the set of admissible strategies.
 Richard Arnold Epstein

More phrases

Effort only fully releases its reward after a person refuses to quit.
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 Napoleon Hill
Never complain and never explain.
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 Benjamin Disraeli
A good plan violently executed now is better than a perfect plan executed next week.
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 George S. Patton
Problems are not stop signs, they are guidelines.
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 Robert Schuller
Never give up, for that is just the place and time that the tide will turn.
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 Harriet Beecher Stowe

Quotes from the same author

The earliest full-length account of a chariot race appears in Book xxiii of the Iliad.
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 Richard Arnold Epstein
The French philosopher Pierre-Hyacinthe Azaïs (1766-1845) formalized the statement that good and evil fortune are exactly balanced in that they produce for each person an equivalent result.
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 Richard Arnold Epstein