Title
Lessons from the financial theory of horse racing
Document Type
Article
Publication Date
1997
Abstract
Throughout history, man's understanding of Risk appears to have been led by those seeking to accumulate wealth through games of chance, and, much later, through investment. Generally, there was little development in the understanding of Risk or Chance until the 18th century, when mathematicians such as Bernoulli, Pascal, Laplace, and others began to investigate and characterise even the most elementary properties of coins and dice.
Recommended Citation
Edelman, D., "Lessons from the financial theory of horse racing" (1997). Faculty of Commerce - Accounting & Finance Working Papers. Paper 54.
http://ro.uow.edu.au/accfinwp/54
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Publication Details
This working paper was originally published as Edelman, D, Lessons from the financial theory of horse racing, Accounting & Finance Working Paper 97/03, School of Accounting & Finance, University of Wollongong, 1997.