1/ Historically, though statistics started in gambling, it has been driven by the risk-management motive, not the luck-creation motive
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@vgr@paulbaumgart@garybasin Markets are best considered, like many technologies, as catalyzing forces (chem sense) for value-creation -
@vgr@paulbaumgart@garybasin A market itself, at any given instant, is net-sum zero, ergo facilitates wealth transfer, not creation. BUT: - 7 more replies
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