Gambling

An economic activity in which one party pays for the privilege of risking money on a probabilistic activity with negative expected-return. Often gambling games are negative-sum.

Trading crypto assets is often compared to gambling.

Examples

  1. Packel, Edward W. Mathematics of Games and Gambling. Vol. 28. MAA, 2006.
  2. Read, Colin. "Risk, Uncertainty, Fear, and Gambling." In The Fear Factor, pp. 112-117. Palgrave Macmillan, London, 2009.
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