The Relation Between Speculation And Gambling
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The Relation Between Speculation And Gambling
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Author : Collin Armstrong
language : en
Publisher:
Release Date : 1903
The Relation Between Speculation And Gambling written by Collin Armstrong and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1903 with categories.
Speculation
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Author : Stuart Banner
language : en
Publisher: Oxford University Press
Release Date : 2017
Speculation written by Stuart Banner and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Business & Economics categories.
What is the difference between a gambler and a speculator? Is there a readily identifiable line separating the two? If so, is it possible for us to discourage the former while encouraging the latter? These difficult questions cut across the entirety of American economic history, and theperiodic failures by regulators to differentiate between irresponsible gambling and clear-headed investing have often been the proximate causes of catastrophic economic downturns. Most recently, the blurring of speculation and gambling in U.S. real estate markets fueled the 2008 global financialcrisis, but it is one in a long line of similar economic disasters going back to the nation's founding.In Speculation, author Stuart Banner provides a sweeping and story-rich history of how the murky lines separating investment, speculation, and outright gambling have shaped America from the 1790s to the present. Regulators and courts always struggled to draw a line between investment and gambling,and it is no easier now than it was two centuries ago. Advocates for risky investments have long argued that risk-taking is what defines America. Critics counter that unregulated speculation results in bubbles that always draw in the least informed investors-gamblers, essentially. Financial chaos isthe result. The debate has been a perennial feature of American history, with the pattern repeating before and after every financial downturn since the 1790s. The Panic of 1837, the speculative boom of the roaring twenties, and the real estate bubble of the early 2000s are all emblematic of thedifficulty in differentiating sober from reckless speculation. Even after the recent financial crisis, the debate continues. Some, chastened by the crash, argue that we need to prohibit certain risky transactions, but others respond by citing the benefits of loosely governed markets and the dangersof over-regulation. These episodes have generated deep ambivalence, yet Americans' faith in investment and - by extension - the stock market has always rebounded quickly after even the most savage downturns. Indeed, the speculator on the make is a central figure in the folklore of Americancapitalism.Engaging and accessible, Speculation synthesizes a suite of themes that sit at the heart of American history - the ability of courts and regulators to protect ordinary Americans from the ravages of capitalism; the periodic fallibility of the American economy; and - not least - the moral conundruminherent in valuing those who produce goods over those who speculate, and yet enjoying the fruits of speculation. Banner's history is not only invaluable for understanding the fault lines beneath the American economy today, but American identity itself.
Gambling And Speculation
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Author : Reuven Brenner
language : en
Publisher: Cambridge University Press
Release Date : 1990-03-30
Gambling And Speculation written by Reuven Brenner and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-03-30 with Business & Economics categories.
Gambling and Speculation takes the long, historic perspective of its controversial subject. The book offers not only a better understanding of the recent "gambling craze," but also a fundamental inquiry into human nature and the structure of societies. The Brenners argue that the negative image of gamblers and of speculators stems from prejudice, whose roots are in the distant, forgotten past. Legal scholars have frequently confused gambling with speculation and the anti-gambling laws were, at times, erroneously interpreted as implying the prohibitions of contracts in futures and insurance markets. One consequence of all this confusion was that during this century both in the United States and England, the legislation and law on betting and gambling became ambiguous. The authors touch on this issue and make policy recommendations: to abolish restrictions on the industry, diminish the states' role in selling lotteries, and, at the same time, make legal distinctions capable of helping the tiny percentage of players who might be "addicted." The Brenners' recommendations on gambling are based on their conclusion that gamblers are neither "mentally ill" nor "criminals" and that gambling does not lead its practitioners to poverty. Rather, it is the other way around: some of the poor and the frustrated gamble. Looking at gambling in this way leads to questions about the nature of society: What do the fortunate do for those who are not? What is society's obligation to people who fall behind in the game of life? Answers to these questions require a discussion on the principles of equality, capitalism, the role of religious influence on society, topics that the Brenners have discussed in their previous studies, and they do so here too, putting gambling within its proper, historical context.
The New York Stock Exchange
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Author : H. S. Martin
language : en
Publisher: Forgotten Books
Release Date : 2017-09-09
The New York Stock Exchange written by H. S. Martin and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-09 with Business & Economics categories.
Excerpt from The New York Stock Exchange: A Discussion of the Business Done; Its Relation to Other Business, to Investment, Speculation and Gambling; The Safeguards Provided by the Exchange, and the Means Taken to Improve the Character of Speculation The be said to have been begun 125 years Beginning ago - 100 years of which it has of the passed under a formulated Consti. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The New York Stock Exchange A Discussion Of The Business Done Its Relation To Other Business To Investment Speculation And Gambling The Safeguards Provided By The Exchange And The Means Taken To Improve The Character Of Speculation
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Author : H. S. Martin
language : en
Publisher:
Release Date : 2017-08-20
The New York Stock Exchange A Discussion Of The Business Done Its Relation To Other Business To Investment Speculation And Gambling The Safeguards Provided By The Exchange And The Means Taken To Improve The Character Of Speculation written by H. S. Martin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-08-20 with History categories.
The New York Stock Exchange
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Author : H. S. Martin
language : en
Publisher:
Release Date : 1919
The New York Stock Exchange written by H. S. Martin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1919 with Speculation categories.
The Lottery Mindset Investors Gambling And The Stock Market
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Author : W. Fong
language : en
Publisher: Springer
Release Date : 2014-12-07
The Lottery Mindset Investors Gambling And The Stock Market written by W. Fong and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-07 with Business & Economics categories.
Financial markets are growing in complexity, and there is an increased risk that investors are led to investment products and strategies they do not fully understand. The crisis-ridden decade of the 2000s is a stark reminder of how poorly managed finances can wreak havoc on household finances. Traditional finance assumes that all investors are risk-averse and require a risk premium from investing in risky assets such as stocks. However, recent developments in behavioural finance show that many individual investors often adopt strategies that lead to serious investment missteps, including over-investing in lottery-type stocks and securities. Lottery-type securities in fact attract investors who may be risk-seeking or are strongly influenced by cognitive biases ranging from overconfidence to being over-optimistic about future investment returns, especially during periods of high sentiment. Drawing on existing and new research, The Lottery Mindset summarizes the behavioural motivations and detrimental impact of investment strategies which are popular with individual investors. Wai-Mun Fong provides insight and guidance on behavioural biases, and successful investment. By both reviewing and contributing to exiting literature on this topic, this book will be of use to academics and general readers alike.
Legislation Against Speculation And Gambling In The Forms Of Trade Including Futures Options And Short Sales Classic Reprint
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Author : Thomas Henry Dewey
language : en
Publisher: Forgotten Books
Release Date : 2018-02-21
Legislation Against Speculation And Gambling In The Forms Of Trade Including Futures Options And Short Sales Classic Reprint written by Thomas Henry Dewey and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-21 with Speculation categories.
Excerpt from Legislation Against Speculation and Gambling in the Forms of Trade, Including Futures Options and Short Sales The implements or gambling ON Pawns - The usual implements of gambling on prices are a black - board, upon which are posted from time to time the market prices of stocks, cotton and other produce, slips of papers pur porting to be orders to the keeper of the place to buy or sell for the account of the other party and other slips of paper purporting to be notices of purchases or sales made by the keeper of the place for the account of the other party. Each transaction is settled by the payment of the difference between the price of a pretended pur chase and the price of a pretended sale, it being agreed or understood that no delivery of the things pretended to have been bought and sold is ever to be made. A deposit is required by the keeper of the place which is called a margin, but is really security to him for the pay ment of the wager. If the market goes in his favor, he closes the transaction as soon as the fluctuation in price equals the amount of the deposit, which he then keeps; or it may be closed by the other party at any time before the loss to him equals the amount of the deposit. If the market goes in favor of the other party, the transaction is closed whenever he gives an order for that purpose, and then the keeper of the place pays to him the differ ence between the market prices of the pretended pur chase and sale and returns the deposit. A place in which such pretended dealing is carried on is called a bucket shop. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The New York Stock Exchange A Discussion Of The Business Done Its Relation To Other Business To Investment Speculation And Gambling The Safeguard
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Author : Hs Martin
language : en
Publisher: Legare Street Press
Release Date : 2022-10-27
The New York Stock Exchange A Discussion Of The Business Done Its Relation To Other Business To Investment Speculation And Gambling The Safeguard written by Hs Martin and has been published by Legare Street Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-10-27 with Business & Economics categories.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Financial Speculation
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Author : Gerald Ashley
language : en
Publisher: Harriman House Limited
Release Date : 2010-08-27
Financial Speculation written by Gerald Ashley and has been published by Harriman House Limited this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-27 with Business & Economics categories.
When we deal in the financial markets are we investing, speculating or gambling? Does it really matter what we call it? As this book shows, the world of finance is not an easily defined game. Simple labels, such as gambling and speculation, won't help us grasp the underlying forces that drive the markets. It's far more important to understand the behaviour and biases of the players - their actions and motivations are the vital components that drive everything; bubbles, crashes, huge fortunes, reckless borrowing and complex instruments and strategies, all flow from this simple fact. And the markets are not just an external object, to be studied dispassionately under a microscope. How we act within our inner self, and apply our own set of risk and reward values to the seeming chaos of the market, is absolutely crucial. Clearly whatever games that are going on in the market are also going on inside our heads. In this fully updated and revised edition, Gerald Ashley gets to the heart of the financial markets. He draws on a wealth of revealing and instructive market insights, stories and anecdotes, challenges all the tired cliches about speculation, and slaughters many of the outdated sacred cows of finance. The book ranges across all the major asset classes, looks at past masters of the art, examines modern thinking on finance and risk, and assesses the value of experts, economists, chartists, market gurus and analysts. Simple examples are used to explain how the basic tools of finance fit together and how to profit in this often complex and unforgiving landscape.