Well look at China back paddle again, where is that "evidence" some troll mentioned about and psychology class 101 blah blah. This is so predictable just like the western "think for the kids" policy changes without any long term thinking or any science backing that decision. (like some US states pushing for abstinent for sex ed instead of safe sex and then cost a lot more social or politically cause unwanted baby or black market abortion.)
For any one that tries to hail that and ban mtx, gacha, season pass, but do not put more energy on pushing legislation to ban lottery, casino, mall gacha eggs, trading cards, kinder eggs or McDonald kid's meal collectables, you are a hypocrite.
We need more education on math(probability and game theory), sales strategy and involved psychology tricks( FOMO, door in the face, etc), financial/budgeting literacy and planning like you teach how to eat healthy and exercise, as they affect your everyday life. We can push for things that collect data for strange spending behavior(enforced if they play those gacha/mtx/online casino) and catch vulnerable people that are prone to become gambling addicts and direct them to therapy and bar them from more spending if cross a threshold(say $500/month) defined by law or regulation to protect their finance(play.com in Canada has something similar if I remember). Well, until the psychologist and bank says okay as we can't stop retirees to burn their fun allowance for whatever they like, like we can't stop you from buying collector edition and then they sit somewhere collecting dust. Or, you know, go to arcade burn like 100 dollars and then your ticket only trades for toys you can buy at dollar store for maybe 10 bucks total. Some people burn that money for the experience knowing fully well they won't make a return, and are not addicts.
And for the trolls, I don't care about the up/down votes anywhere, feel free to waste your time do that.
sorry, no, I am simply asking those parents to just play with their kids and teach them what is good and what is bad, like old times. If you like to bubble wrap your kids that's fine, eventually they will come to the real world and with way less protection and less people to guide them. You are talking like these type of thing does not require training at all? You pass age of 18 or 20 and now you are suddenly immune to bad sales tricks?
My younger age a period of my allowance dump was in the arcades, eventually I found that it does absolutely not justify the money I put in. I'd rather save those and buy a mecha or whatever other toys that are fun and can be played in many different ways, instead of a couple hours of "let me beat this game". Because, money is very limited and I obviously aren't raised by a arcade owner. That's my learning experience, I am still glad that even with very limited allowance, I get to experience that and learn early on. Cause "well, you just spend your allowance on arcade game, you should save some money for the ice cream," while me watching my younger sibling eating their ice cream. Every little bit of experience goes a long way.
And yes, there are a portion that are more vulnerable then others simply they lack the brain circuit or wiring to stop that feedback loop, and catching them early is better than catching it late.
You're acting as if you didn't go back behind the back of your parents to do stuff you wanted to... Like to go to the arcades.
Brain circuitry evolves with age, with human maturation.
Oh, yeah, yes I did, if someone offer the coins. Like my classmates. But you know what, once I get over that phase, I simply refuse to go together since I realize it's a waste of time and money. Many early arcade have that "unfair" part to eat your tokens by design, you don't get through those by simply dumping more money and get more practice in. Like I said, you need limited useful resource, like money in your total control to really drill that experience in. If I was given allowance to blow in arcade AND still get toys, ice cream, whatever snack, soda drink etc, then for sure I am not learning that opportunity cost lesson. It is very early on I was told, you get this X amount per week, but parents are not going to buy my any of those. Best they could do is if I get good grades and they 50% match to get some toy I really wanted. So I'd have to save my allowance to do it. Pretty nice trick to do to children but very effective. They are also busy working so I can understand pretty early that the allowance is a means to train me to become more independent, so I can cover that responsibility to buy food etc for my younger siblings. It also helped greatly to manage my money after I am on my own in university dorm.
Brain circuitry evolves with practice and doing the value assessment with proper rewards, that's why some 5yo can run a shop or do grocery shopping for parents. (And not blowing the money on candies). https://www.youtube.com/watch?v=qA_AUMxSZUM examples that I found, it's a show but it dates back way longer before internet even is a thing. They do those out of necessity since that's how most post war kids grow up so that's how they teach their kids. There are much older shows if you can find source, and I bet India or say pretty much any country without proper child labor law you will see children running stuff for parents. It is part of their reality and they simply learn early on that wasting money on [insert gambling or wasteful spending] is simply not an option. They might starve if they make mistakes like those.
So what we do in modern resource abundance world? We create and craft the situation and train our kids to adapt, early and with proper rewards. Independence is a hard thing to train for sure, and western law(say much accompany with 12yo or older if you are younger) basically make it a bit harder if your neighbor would call cops if your kid just leave your side by 50 meters.(I am joking but I guess some might actually do it.)
Here is an alternative Piped link(s):
https://www.piped.video/watch?v=qA_AUMxSZUM
Piped is a privacy-respecting open-source alternative frontend to YouTube.
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