CHAPTER XV. · INSURANCE AND GAMBLING.

From The Logic of Chance by John Venn.

§§ 1, 2. The certainties and uncertainties of life. 3-5. Insurance a means of diminishing the uncertainties. 6, 7. Gambling a means of increasing them. 8, 9. Various forms of gambling. 10, 11. _Comparison between these practices._ 12-14. Proofs of the disadvantage of gambling:-- (1) on arithmetical grounds: 15, 16. _Illustration from family names._ 17. (2) from the 'moral expectation'. 18, 19. _Inconclusiveness of these proofs._ 20-22. _Broader questions raised by these attempts._

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CHAPTER XV. · INSURANCE AND GAMBLING.: The Logic of Chance by John Venn | amphi