By Reuven Brenner
Even if monetary markets frequently try and distance themselves from playing, the 2 components have way more in universal than frequently idea. while, traditionally there have been no monetary associations equivalent to banks, lotteries constituted the methods in which pricey goods have been disposed of, and governments raised funds speedy. playing tables fulfilled roles that enterprise capital and banking do at the present time. "Gamblers" created clearinghouses and sustained liquidity. while these gamblers wager on cost distributions in futures markets, they have been redefined as "speculators." this present day they're known as "hedge fund managers" or "bankers." notwithstanding the names have replaced, the activities undertaken have primarily stayed a similar. This publication exhibits how dialogue on "chance," "risk," "gambling," "insurance," and "speculation" illuminates the place societies stood, the place we're this present day, and the place we should be heading.
Read Online or Download A World of Chance: Betting on Religion, Games, Wall Street PDF
Best decision making books
The quantity explores past due medieval industry mechanisms and linked institutional, economic and fiscal, organizational, decision-making, criminal and moral matters, in addition to chosen points of creation, intake and industry integration. The essays span various neighborhood, nearby, and long-distance markets and networks.
This quantity bargains a number views on an easy challenge: How does the mind decide on successfully and adaptively between innovations to make sure coherent, goal-directed habit? The individuals, from fields as different as anatomy, psychology, studying conception, neuroimaging, neurophysiology, behavioral economics, and computational modeling, current an outline of key ways within the research of cognitive keep watch over and selection making.
Enterprise technique administration and the Balanced Scorecard indicates managers easy methods to optimally use the balanced scorecard to accomplish and maintain strategic good fortune whilst the company atmosphere alterations. It quite fills the distance among conception and alertness to facilitate using tactics as a strategic weapon to convey world-class functionality.
Even supposing monetary markets usually try and distance themselves from playing, the 2 components have way more in universal than often idea. whilst, traditionally there have been no monetary associations similar to banks, lotteries constituted the methods wherein dear goods have been disposed of, and governments raised funds speedy.
Extra resources for A World of Chance: Betting on Religion, Games, Wall Street
As in England, saloons in the United States became the poor people’s refuge. Breweries bought the real estate where the saloons opened. This was a time when breweries standardized production and, expanding rapidly, were looking for new places of distribution. They found such places in saloons, which proliferated. 51 The obstacle to lobbying attempts to get lawmakers to pass a constitutional amendment prohibiting the sale of alcoholic beverages were the beer barons, who had their clout too. They supported politicians, invested in newspapers, and used a grassroots organization, at the time called the National German-America Alliance, to spread the beer culture.
It also allows us to question prejudices that have accumulated over centuries about gamblers, for an impartial picture of this facet of human behavior and of the industry. We emphasize the word “impartial,” because today politics has turned gambling into a partisan issue, and works written about the subject are categorized as being in favor of the industry or against it, as if any examination of facts and sequence of events surrounding the issue must have a political agenda. We wrote a book on the subject back in the late 1980s, parts of which are integrated here, much before gambling spread in the United States and around the world.
Brenner of public opinion, appealing to deep-rooted prejudices, have a long history in people’s entertainment options in general, and on gambling-related ones in particular. When businesses fear competition, they use lobbyists, politicians, the priesthood, and pliable “intellectuals,” be they academics at universities or at think tanks – all part of what one may call the jargon, perceptionshaping business – to spread a variety of false, not to say strange, ideas. They do so to bring about legislation that protects the threatened enterprises and bureaucracies: some perhaps do so naively but sincerely.
A World of Chance: Betting on Religion, Games, Wall Street by Reuven Brenner