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5 of 6 people found the following review helpful:
5.0 out of 5 stars The most important impartial history of gambling, July 27, 2006
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Aaron C. Brown (New York, New York United States) - See all my reviews
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This review is from: Gambling and Speculation: A Theory, a History, and a Future of some Human Decisions (Hardcover)
It's hard to learn about gambling because different ideological camps define the subject differently and therefore talk past each other. People with moral objections to gambling usually ignore risk-taking in business and life, economists tend to focus on the probability and utility theory underlying a single bet rather than the broader social and economic context, and pro-gambling works often ignore basic mathematical and economic theory. This book is a rare exception in that it covers all kinds of risk taking without prejudice, and it is grounded in solid history and theory. This book defines the context in which gambling should be discussed, and presents a powerful opening statement.
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Gambling and Speculation: A Theory, a History, and a Future of some Human Decisions
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