About: Dutch book

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In gambling, a Dutch book or lock is a set of odds and bets, established by the bookmaker, that ensures that the bookmaker will profit—at the expense of the gamblers—regardless of the outcome of the event (a horse race, for example) on which the gamblers bet. It is associated with probabilities implied by the odds not being coherent. In economics, the term 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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  • In gambling, a Dutch book or lock is a set of odds and bets, established by the bookmaker, that ensures that the bookmaker will profit—at the expense of the gamblers—regardless of the outcome of the event (a horse race, for example) on which the gamblers bet. It is associated with probabilities implied by the odds not being coherent. In economics, the term 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. In philosophy it is used to explore degrees of certainty of beliefs. There is no agreement on the etymology of the term. (en)
  • El argumento de la succión financiera (en inglés "dutch book" o "lock"; en francés "argument du pari hollandais") es un conjunto de apuestas que garantiza una ganancia, independientemente del resultado del juego. Está asociado con la probabilidad de apuestas que no son coherentes. En economía, un dutch book suele referirse a una secuencia de transacciones que, en caso de realizarse, dejan a una parte peor y a otra mejor. Los presupuestos clásicos de la "" excluyen la posibilidad de que alguien sea víctima del argumento de la succión financiera. (es)
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  • El argumento de la succión financiera (en inglés "dutch book" o "lock"; en francés "argument du pari hollandais") es un conjunto de apuestas que garantiza una ganancia, independientemente del resultado del juego. Está asociado con la probabilidad de apuestas que no son coherentes. En economía, un dutch book suele referirse a una secuencia de transacciones que, en caso de realizarse, dejan a una parte peor y a otra mejor. Los presupuestos clásicos de la "" excluyen la posibilidad de que alguien sea víctima del argumento de la succión financiera. (es)
  • In gambling, a Dutch book or lock is a set of odds and bets, established by the bookmaker, that ensures that the bookmaker will profit—at the expense of the gamblers—regardless of the outcome of the event (a horse race, for example) on which the gamblers bet. It is associated with probabilities implied by the odds not being coherent. In economics, the term 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. (en)
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  • Argumento de la succión financiera (es)
  • Dutch book (en)
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