Dutch book

In gambling a Dutch book or lock is a set of odds and bets which guarantees a profit, no matter what the outcome of the gamble. It is associated with probabilities implied by the odds not being coherent.

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In economics a Dutch book usually refers to a sequence of trades that would leave one party strictly worse off and another strictly better off. Typical assumptions in consumer choice theory rule out the possibility that anyone can be Dutch-booked.

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Dutch book: Gambling ►

Gambling: Gambling (or betting) is any behavior involving risking money or property (making a wager or placing a stake) on the outcome of a game, contest, or other event in which the outcome of that activity depends partially or totally upon chance or upon one's ability to do something....

Odds: :For the alternative rock band, see Odds (band)....

Bet: Bet or BET may refer to:...

Dutch book related Images and Photos (experimental)

Chuck (Book)	War (Hardcover) Book	Burr (Paperback) Book	Mercy (Paperback) Book
Night (Paperback) Book	Truman (Paperback) Book	Tunnels (Hardcover) Book	Sherman (Hardcover) Book
MacArthur (Paperback) Book	Plainsong (Paperback) Book	Columbine (Hardcover) Book	Book c.1968

~ Table of Content ~

►	Introduction
►	Gambling
►	Economics
►	See also

~ Related Subjects ~

Property (1) - Money (1) - Game (1) - Odds (band) (1) - Alternative rock (1) - Risk (1) - Odds (1) - Gambling (1) - Bet (1) - Coherent (1) - Probabilities (1) -

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