Re:What are financial derivatives?
by by on Monday October 26, 2009 @11:41AM
(#903400)
Yes, I agree that the company running the gambling is selling entertainment.
But the word 'bet' is wrong when applied indiscriminately to shares and derivatives. The way nazgulnarsil is using the word 'bet' marks a profound confusion about betting and stock markets. The whole point of stock markets is that the 'pot' can increase. With gambling the 'pot' decreases - in line with the entertainment value gained by the participants.
But the word 'bet' is wrong when applied indiscriminately to shares and derivatives. The way nazgulnarsil is using the word 'bet' marks a profound confusion about betting and stock markets. The whole point of stock markets is that the 'pot' can increase. With gambling the 'pot' decreases - in line with the entertainment value gained by the participants.