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Exposition of a New Theory on the Measurement of Risk (1738) [pdf]

48 点作者 cpp_frog超过 1 年前

3 条评论

kqr超过 1 年前
I have been looking for this paper in a standalone version! Previously I&#x27;ve only come across it as the first chapter of <i>The Kelly Capital Growth Criterion</i>, which is an otherwise also excellent book and recommended reading for anyone for whom this is their thing!
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hammock超过 1 年前
&gt;the determination of the value of an item must don’t be based on its price, but rather on the utility it yields<p>(In regards to a poor man with 9k ducats or a 50&#x2F;50 20k ducat lottery ticket) A bird in hand is worth two in the bush
mwexler超过 1 年前
Should date in the parent be (1954)?
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