ISBN:
9780511753671
Language:
English
Pages:
1 online resource (xviii, 339 pages)
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
DDC:
306.4/82
Keywords:
Sozialgeschichte
;
Risk
;
Competition
;
Decision making
;
Wealth
;
Social history
;
Gambling
;
Chance
;
Risikoverhalten
;
Risikobereitschaft
;
Kapitalanlage
;
Risikobereitschaft
;
Kapitalanlage
;
Risikoverhalten
Abstract:
Although financial markets often try to distance themselves from gambling, the two factors have far more in common than usually thought. When, historically, there were no financial institutions such as banks, lotteries constituted the ways by which expensive items were disposed of, and governments raised money quickly. Gambling tables fulfilled roles that venture capital and banking do today. 'Gamblers' created clearinghouses and sustained liquidity. When those gamblers bet on price distributions in futures markets, they were redefined as 'speculators'. Today they are called 'hedge fund managers' or 'bankers'. Though the names have changed, the actions undertaken have essentially stayed the same. This book shows how discussion on 'chance', 'risk', 'gambling', 'insurance', and 'speculation' illuminates where societies stood, where we are today, and where we may be heading
Description / Table of Contents:
From religion to risk management: what to do when facing uncertainty? / Reaven Brenner, Gabrielle A. Brenner -- Anything wrong with gambling as a pastime? / Reuven Brenner, Gabrielle A. Brenner -- Are you rich? Risk-taking and gambling, or the leapfrogging instinct / Reuven Brenner, Gabrielle A. Brenner -- Betting on futures and creating prices / Reuven Brenner -- Gambling as banking: poker, junk bonds, and central banks / Reuven Brenner, Aaron Brown -- Lottery is a taxation, and heav'n be prais'd, it is easily rais'd / Reuven Brenner, Gabrielle A. Brenner -- Politics and prohibitions; or, what's a good tax anyway? / Reuven Brenner -- How gamblers and risk-takers correct the future / Reuven Brenner, Gabrielle A. Brenner -- Gambling and risk-taking: the leapfrogging instinct / Reuven Brenner -- Human nature and the civilizing process / Reuven Brenner -- A statistical profile of gamblers / Reuven Brenner, Gabrielle A. Brenner, Claude Montmarquette
Note:
Title from publisher's bibliographic system (viewed on 05 Oct 2015)
DOI:
10.1017/CBO9780511753671
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
Volltext
(URL des Erstveröffentlichers)
URL:
https://doi.org/10.1017/CBO9780511753671
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