[Marxism] [Pen-l] The Futility of Financial Regulation: Lessons for Capitalism from Science and Professional Football

Michael Perelman michael at ecst.csuchico.edu
Mon Sep 14 10:16:46 MDT 2009


Many of you probably know about this, mathematics has been intricately 
associated with gambling for centuries. Here is a popular book 
reference:

Bernstein, Peter L. 1996. Against the Gods: The Remarkable Story of 
Risk (NY: John Wiley & Sons).

Farmer used a computer built into a shoe. There is an entertaining book 
about Farmer's exploits in Las Vegas, The Eudaemonic Pie by Thomas A 
Bass.  As I recall, it wasn't that great about explaining the science.  
http://en.wikipedia.org/wiki/Eudaemons

A Wikipedia article mentions an unbelievably early (1960-61) similar 
experiment with a wearable computer by Claude Shannon of Bell Labs fame 
and Edward Thorpe, a mathematician who became an early hedge fund 
leader.



-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com




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