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

Les Schaffer schaffer at optonline.net
Mon Sep 14 14:10:40 MDT 2009

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

Stigler, in "The History of Statistics: The Measurement of Uncertainty 
before 1900" goes into depth on how modern probability theory was 
developed specifically for the nascent insurance companies as well as 
for various census operations like estimating the fraction of all births 
that were male (the Bernoulli boys)


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