A World of Chance
Language: English
Published by Cambridge University Press, GB, 2008
- Softcover
- New
Seller: Rarewaves.com USA, London, London, United KingdomRarewaves.com USA
AbeBooks seller since June 11, 2025
Condition: New
£ 45.47
Quantity: Over 20 available
Add to basketItem description from seller
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.
Seller Inventory # LU-9780521711579
- Title
- A World of Chance
- Author
- Reuven Brenner, Gabrielle A. Brenner, Aaron Brown
- Publisher
- Cambridge University Press, GB
- Publication year
- 2008
- Condition
- New
- Binding
- Paperback
- Language
- English
- ISBN 10
- 0521711576
- ISBN 13
- 9780521711579
- Edition
- 2nd Edition
- Item weight
- 540 grams
"Synopsis" may belong to another edition of this title.
About the Author
Gabrielle A. Brenner is Associate Professor of Economics at the Ecole des Hautes Etudes Commerciales in Montreal, Canada. She holds a PhD in economics from the University of Chicago and has written about risk taking, entrepreneurship, and anti-trust. Professor Brenner worked at Lexecon and has also served as a consultant to the World Bank, UNIDO, and CIDA.
Aaron Brown is risk manager for AQR Capital Management in Greenwich, CT. He holds degrees in applied mathematics from Harvard University and finance from the University of Chicago. He has worked as a trader, portfolio manager, head of mortgage security, and risk manager for such Wall Street firms as Morgan Stanley and Citigroup; taught finance at Fordham and Yeshiva universities; and ran a public mutual fund. Mr Brown is the author of The Poker Face of Wall Street.
"About the title" may belong to another edition of this title.
Rarewaves.com USA
London, London, United Kingdom
AbeBooks seller since June 11, 2025
Shipping rates from United Kingdom to U.S.A.
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