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Purchase Benefits
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Preface | p. xiii |
Acknowledgments | p. xvii |
From Religion to Risk Management: What to Do When Facing Uncertainty? | p. 1 |
Origins of Lasting Prejudice | p. 3 |
Volatile Beliefs | p. 5 |
From Religion to Risk, from Lots to Betting | p. 6 |
Chance and Providence: Upstairs, Downstairs | p. 13 |
Conclusion | p. 15 |
Anything Wrong with Gambling as a Pastime? | p. 17 |
What Did Gambling Have to Do with Military Readiness? | p. 18 |
Prohibitions on New Ways of Having Fun | p. 20 |
English Prohibitions on Poor People's Pastimes | p. 21 |
If Not Cockfights, How About a Drink? | p. 24 |
Secular Theories Condemning Gambling | p. 26 |
If There Are No Circuses for the Masses, How to Calm Them Down? | p. 28 |
How Did the United States Come to Prohibit Drinking? | p. 29 |
The 1906 Act and Since: Familiar Patterns | p. 31 |
The Change in English Attitudes and Laws | p. 32 |
Law and Gambling in the New World | p. 33 |
Conclusion | p. 35 |
Are You Rich? Risk-Taking and Gambling, or the Leapfrogging Instinct | p. 38 |
If You Are Not Rich, What Do You Do? | p. 40 |
Facts | p. 44 |
The Attraction of Big Prizes | p. 44 |
The Poor and Those Falling Behind | p. 45 |
Reversal of Fortune | p. 49 |
Statistical Analysis: Correcting Its Pitfalls | p. 52 |
Are Gamblers Reckless or Criminals? | p. 54 |
What Do Winners Do with the Money? | p. 59 |
Compulsive Gamblers: An Aside | p. 62 |
Conclusion | p. 66 |
Betting on Futures and Creating Prices | p. 67 |
False Ideas: Bad Laws, Bad Policies | p. 68 |
Back to Basics | p. 70 |
The Tulipmania That Never Was: Part 1 | p. 74 |
More on Insurance and Gambling | p. 76 |
Legal Confusions and Political Debates: Property Rights and Prices | p. 77 |
Stabilizing and Destabilizing Speculations | p. 81 |
Telecommunications and Speculation; or, How to Outlaw the Competition | p. 84 |
Gamblers and Speculators: More Confusions | p. 86 |
Gambling as Banking: Poker, Junk Bonds, and Central Banks | p. 90 |
Gambling Is Not a Zero-Sum game | p. 91 |
Preventing Financial Intermediation by Law: Protecting Noblemen | p. 98 |
The Volatile Road to Democratized Capital | p. 100 |
Volatile Ranks and Taking Chances | p. 101 |
When the Rich and Poor Intermingle, Lessons for the John Laws | p. 102 |
The Tulipmania That Never Was: Part 2 | p. 105 |
Gambling in Venice | p. 108 |
Banking on Gamblers | p. 111 |
From Poker Banks to Clearinghouses | p. 116 |
Poker Banks and Junk Bonds | p. 118 |
From Banking on Gambling to Gambling on Central Banking | p. 121 |
Lottery Is a Taxation, and Heav'n Be Prais'd, It is Easily Rais'd | p. 124 |
Lotteries and Public Finance | p. 131 |
Lottery Finance by English Governments | p. 133 |
Lottery Finance in the New World: Origins of Investment Banking | p. 138 |
From Lotteries to Banking | p. 140 |
Toward Prohibition | p. 141 |
Lotteries as Public Finance in Canada | p. 142 |
The Rebirth of Lotteries | p. 143 |
If Not Lotteries, Then Sweepstakes | p. 145 |
Gambling Today in America | p. 147 |
Politics and Prohibitions; or, What's a Good Tax Anyway? | p. 150 |
Lotteries as a Regressive Tax: An Irrelevant Argument | p. 151 |
Theories of Taxation without Foundations | p. 153 |
How Do Governments Spend the Money? | p. 155 |
Gamblers at Opera's Gates | p. 157 |
Legalizing Gambling to Bring Prosperity | p. 161 |
What Is a Good Tax; or, Who Guards the Guardians? | p. 166 |
Impacts of Prohibition | p. 168 |
Prohibitions in the United States and Elsewhere | p. 169 |
Other Impacts of Prohibition in the United States | p. 172 |
Taxing Foreigners | p. 173 |
Prohibitions in the United Kingdom and the United States | p. 175 |
Why Do American Sports Leagues Oppose Sports Betting and Online Gambling? | p. 179 |
Sports Betting Update: The Donaghy File (by Aaron Brown) | p. 182 |
Online Gambling | p. 186 |
Problems and Solutions | p. 189 |
How Gamblers and Risk-Takers Correct the Future | p. 194 |
Betting on Ideas, and Matters of Trial and Error | p. 198 |
How Did Some Societies Come to Tolerate Risk-Takers and Gamblers? | p. 200 |
Capital Markets and Models of Society | p. 204 |
Natural Resources Are No Mothers of Invention | p. 206 |
Creating Wealth and the Movement of the Vital Few | p. 208 |
Happiness and Luck | p. 210 |
Gambling and Risk-Taking: The Leapfrogging Instinct | p. 213 |
Introduction | p. 213 |
Gambling and the Leapfrogging Instinct | p. 214 |
Why Do Lotteries Have Multiple Prizes? | p. 218 |
Insurance: Preventing the Falling Behind | p. 220 |
Stopping Rules: How Much to Gamble? How Much to Insure? | p. 222 |
Risk-Taking and Uncertainty: Leaping into the Unknown | p. 223 |
Doing Their Best: What "Maximization" Means | p. 231 |
Risk, Uncertainty, and Information | p. 232 |
Wealth, Risk, and Uncertainty | p. 233 |
Stability, Redistribution, and Progressive Taxation of Wealth | p. 235 |
Comparisons with Other Approaches | p. 239 |
Conclusion | p. 249 |
Human Nature and the Civilizing Process | p. 251 |
Bets on Ideas | p. 251 |
Creativity, Uncertainty, and Risk-Taking | p. 253 |
A Statistical Profile of Gamblers | p. 257 |
Quebec Data | p. 257 |
Canadian Data | p. 260 |
How to Correct for Undeclared Lottery Expenditures | p. 266 |
Results | p. 271 |
Conclusion | p. 271 |
Notes | p. 273 |
Bibliography | p. 309 |
Name Index | p. 325 |
Subject Index | p. 332 |
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The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.