Share
A World of Chance Hardback: Betting on Religion, Games, Wall Street (in English)
Aaron Brown
(Author)
·
Reuven Brenner
(Author)
·
Gabrielle A. Brenner
(Author)
·
Cambridge University Press
· Hardcover
A World of Chance Hardback: Betting on Religion, Games, Wall Street (in English) - Brenner, Reuven ; Brenner, Gabrielle A. ; Brown, Aaron
$ 89.47
$ 100.00
You save: $ 10.53
Choose the list to add your product or create one New List
✓ Product added successfully to the Wishlist.
Go to My WishlistsIt will be shipped from our warehouse between
Monday, June 03 and
Tuesday, June 04.
You will receive it anywhere in United States between 1 and 3 business days after shipment.
Synopsis "A World of Chance Hardback: Betting on Religion, Games, Wall Street (in English)"
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.
