Gambling With Other Peoples Money
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| Author | : Russ Roberts |
| Publisher | : Hoover Press |
| Total Pages | : 75 |
| Release | : 2019-01-01 |
| Genre | : Business & Economics |
| ISBN | : 0817921869 |
What caused the Financial Crisis of 2008? While government mandates and private sector mistakes did contribute to the crisis and can be blamed at least in part for what happened, this book takes a different approach. Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people's money. The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate 'Too Big to Fail.' That perception allows the largest financial institutions to continue to gamble with taxpayer money.
| Author | : John Kay |
| Publisher | : PublicAffairs |
| Total Pages | : 296 |
| Release | : 2015-09-22 |
| Genre | : Business & Economics |
| ISBN | : 1610396049 |
The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions. Why? What is finance for? John Kay, with wide practical and academic experience in the world of finance, understands the operation of the financial sector better than most. He believes in good banks and effective asset managers, but good banks and effective asset managers are not what he sees. In a dazzling and revelatory tour of the financial world as it has emerged from the wreckage of the 2008 crisis, Kay does not flinch in his criticism: we do need some of the things that Citigroup and Goldman Sachs do, but we do not need Citigroup and Goldman to do them. And many of the things done by Citigroup and Goldman do not need to be done at all. The finance sector needs to be reminded of its primary purpose: to manage other people's money for the benefit of businesses and households. It is an aberration when the some of the finest mathematical and scientific minds are tasked with devising algorithms for the sole purpose of exploiting the weakness of other algorithms for computerized trading in securities. To travel further down that road leads to ruin. A Financial Times Book of the Year, 2015 An Economist Best Book of the Year, 2015 A Bloomberg Best Book of the Year, 2015
| Author | : Andreas Heinz |
| Publisher | : Springer |
| Total Pages | : 318 |
| Release | : 2019-01-05 |
| Genre | : Medical |
| ISBN | : 3030030601 |
This book provides an overview of the state of the art in research on and treatment of gambling disorder. As a behavioral addiction, gambling disorder is of increasing relevance to the field of mental health. Research conducted in the last decade has yielded valuable new insights into the characteristics and etiology of gambling disorder, as well as effective treatment strategies. The different chapters of this book present detailed information on the general concept of addiction as applied to gambling, the clinical characteristics, epidemiology and comorbidities of gambling disorder, as well as typical cognitive distortions found in patients with gambling disorder. In addition, the book includes chapters discussing animal models and the genetic and neurobiological underpinnings of the disorder. Further, it is examining treatment options including pharmacological and psychological intervention methods, as well as innovative new treatment approaches. The book also discusses relevant similarities to and differences with substance-related disorders and other behavioral addictions. Lastly, it examines gambling behavior from a cultural perspective, considers possible prevention strategies and outlines future perspectives in the field.
| Author | : Ivan Ascher |
| Publisher | : MIT Press |
| Total Pages | : 193 |
| Release | : 2016-09-02 |
| Genre | : Business & Economics |
| ISBN | : 1935408747 |
A bold extension of Marx's Capital for the twenty-first century: at once a critique of modern finance and of the societies under its spell. As financial markets expand and continue to refashion the world in their own image, the wealth of capitalist societies no longer presents itself, as it did to Karl Marx in the nineteenth century, as a “monstrous collection of commodities.” Instead, it appears as an equally monstrous collection of financial securities, and the critique of political economy must proceed accordingly. But what would it mean to write Capital in the twenty-first century? Are we really to believe that risk, rather than labor, is now regarded as the true fount of economic value? Can it truly be the case that the credit relation—at least in the global North—has replaced the wage relation as the key site of exploitation and political struggle? And finally, if precarity is indeed the name of today's proletarian condition, what possible future does it actually portend, what analysis does it require? Through a series of creative substitutions, in Portfolio Society Ivan Ascherextends Marx's critical project in bold and unexpected ways. Ascher not only explains some of the often mystifying processes of contemporary finance, he also invites us to consider what becomes of capitalism itself in those places where the relation of capital to its own future is now mediated by financial markets. In the end, we may find that much has changed and much has not; relations of domination endure, and mystifications abound, but the devil is in the details, and that is where Ascher directs our attention. At once a critique of modern finance and of the societies under its spell, Portfolio Society succeeds in revealing the potential limits of Capital, while reveling still in its limitless potential.
| Author | : Ward Wilson |
| Publisher | : |
| Total Pages | : 145 |
| Release | : |
| Genre | : Games & Activities |
| ISBN | : |
This book is for you only if you gamble to make money. If your idea of "fun" and "entertainment" includes giving away your hard-earned money to casinos, I can't help you. If you enjoy sitting in a mindless, bright lights/dinging trance while you drop quarters down a slot, this book is not for you. If you think casinos are built and run by stupid people, you better stay out of them. If you think you can beat a blackjack dealer by wild-assed guessing, think again. If you play poker just because it's now so popular . . . you don't need my book. If you believe you can just happen to be "lucky" enough to beat the odds, you live in a fantasy world and you'd hate this book for destroying your illusions. But if you're hard-headed, serious, willing to work, and tired of the mainstream gambling books that simply teach you how to lose less rather than win . . . If you understand casinos don't stay in business by giving out more money than they take in . . . This is an extensive examination of the most popular forms of gambling. If you can find any positive expectation bets, and how. Some of the material is controversial. Some of it is unique. It's not for beginners. If you don't already know how to play blackjack or craps, buy and read the basic books first. This one assumes you know and understand the rules of play. If you have emotional or psychological issues around money -- my strong advice is, don't gamble. If you want to believe casinos are playgrounds built for your amusement, this is not the book for you. I use statistical concepts and common sense to strip away the bright lights and glamor to reveal the mathematical realities of gambling. For the most part, it's not pretty. Not if you want to make money instead of lose it. But there are opportunities there for people willing to work hard and understand the obstacles so they can surmount them. If you're still an emotional child needing the adrenaline rush and excitement of "winning" money, this is not for you. And not only the casinos want to take your money -- hordes of online scammers selling bogus systems online also are after the money belonging to would-be pro gamblers. Until you can enter a casino and remain blind to the red carpeting, the flashing lights, dinging slots and the entire aura of glamorous partying -- you'll remain a loser. If you have enough money to pay for a mirage, that's up to you. Most people don't.
| Author | : Benjamin Seebohm Rowntree |
| Publisher | : |
| Total Pages | : 272 |
| Release | : 1905 |
| Genre | : Gambling |
| ISBN | : |
| Author | : Mikal Aasved |
| Publisher | : Charles C Thomas Publisher |
| Total Pages | : 459 |
| Release | : 2003-01-01 |
| Genre | : Social Science |
| ISBN | : 0398084122 |
This is the second in a series of books intended to review and evaluate the most popular and influential explanations for gambling and the many research studies that have been conducted to confirm or refute them. This book focuses on the contributions of specialists in the social sciences, most of whom are convinced that gambling is a consequence of the social or subcultural environment in which the gambler lives. To further the understanding of why people gamble, investigators went to places where gambling occurred and spent time among and interacted with the gamblers. Some attended Gamblers Anonymous meetings and others became participant observers in gambling establishments by becoming employed as roulette croupiers or card dealers. Topics covered include the gambler’s point of view, the researcher’s point of view, social structure, economics, statistical tests of earlier ideas, special populations, ‘‘armchair’’ theories, gambling and the public, problem correlates, and risk factors. In addition, a critique of the qualitative and quantitative studies involving survey research methods and interview research methods is given that provides theoretical explanations for why people gamble. Numerous results from geographical surveys are provided, as well as tables that examine the research of problem gambling.
| Author | : Michael Flavin |
| Publisher | : Liverpool University Press |
| Total Pages | : 263 |
| Release | : 2003-01-01 |
| Genre | : History |
| ISBN | : 1837641722 |
This text explores the theme of gambling in a range of 19th-century English novels. It examines the representation of gambling in the novels, the role that gambling played in the lives of the novelists, and gambling in the novels within the context of the development of Victorian society.
| Author | : Peter Wogan |
| Publisher | : Springer |
| Total Pages | : 228 |
| Release | : 2017-04-01 |
| Genre | : Social Science |
| ISBN | : 3319522647 |
This book tells the incredible true story of Ranulfo Juárez, a Mexican immigrant. After working for years in the fields of Oregon and becoming a U.S. citizen, Ranulfo started making plans to buy a small bakery in 2005. But not knowing if the economy would hold steady, Ranulfo examined his dreams every morning in search of secret clues foretelling insight and a successful bakery—or homelessness. Ranulfo also enlisted author Peter Wogan, a white anthropology professor with a penchant for self-doubt, as his confidante and sidekick in this quest. Readers won’t know until the end whether Ranulfo became another innocent victim of the Financial Crisis of 2008, but, throughout, they will see Ranulfo and Peter confront naysayers and cheats, as well as their own differences and fears. Like Don Quixote, this book is comical, subversive, and inspirational.
| Author | : Darragh McGee |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 217 |
| Release | : 2023-11-17 |
| Genre | : Social Science |
| ISBN | : 1801173044 |
This volume contains an Open Access chapter. Establishing a scholarly platform to inform interventions in research and policymaking, this book demonstrates the importance of sociology in understanding sports gambling in a global age.
