A World of Chance

A World of Chance pdf epub mobi txt 电子书 下载 2025

出版者:Cambridge University Press
作者:Reuven Brenner
出品人:
页数:352
译者:
出版时间:2008-8-4
价格:USD 95.00
装帧:Hardcover
isbn号码:9780521884662
丛书系列:
图书标签:
  • 金融 
  • 风险管理 
  • 交易 
  •  
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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.

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