RE: Orlowski: Your hate piece on Robin Hanson

From: Robert J. Bradbury (bradbury@aeiveos.com)
Date: Wed Aug 27 2003 - 04:49:58 MDT

  • Next message: Natasha Vita-More: "Re: FWD (IUFO) History Channel: Failure is Not an Option"

    On Wed, 27 Aug 2003, Robin Hanson wrote:

    > If it smells to an ordinary person like morally-repugnant gambling,
    > then it's illegal. Welcome to democracy.

    Hmmmm... but then how do we "get away" with futures markets and
    other forms of derivatives.

    Looks to me like there is some "bias" against games where it
    is agreed that the "public" *will* lose some fraction of the
    time (e.g. gambling on slot machines, roulette, etc.), but
    not where there may be some more sophisticated strategies
    involved (e.g. what the yields will be on wheat, corn or
    pork bellies).

    R.



    This archive was generated by hypermail 2.1.5 : Wed Aug 27 2003 - 05:01:41 MDT