Contrary to the conventional wisdom which suggests that a perfectly rational subject with risk-averse attitude should never gamble, this paper provides a vivid example in our real economy for people to expect a positi...Contrary to the conventional wisdom which suggests that a perfectly rational subject with risk-averse attitude should never gamble, this paper provides a vivid example in our real economy for people to expect a positive return to gamble Within the existing literature, scholars have proposed different reasons to explain why an original risk-averse person would start to gamble, with the implicit assumption that the expected payoff of a bet is always lower than its cost. In contrast, our paper discusses when and why a risk-averse person could bet strategically with a positive expected return; in particular, we used field data in Hong Kong to illustrate a vivid scenario for positive expected return in gambling.展开更多
The leading trade event in the world’s biggest yarn and fiber consuming market;an unrivalled ability in gathering high-quality worldwide buyers from various market sectors;strong industry affirmation on its effective...The leading trade event in the world’s biggest yarn and fiber consuming market;an unrivalled ability in gathering high-quality worldwide buyers from various market sectors;strong industry affirmation on its effectiveness;展开更多
2017.09 Released by Cotton Incorporated Recent price movement NY futures and the A Index were influenced by U.S.crop expectations over the past month.Chinese prices were affected by exchange rates.South Asian prices w...2017.09 Released by Cotton Incorporated Recent price movement NY futures and the A Index were influenced by U.S.crop expectations over the past month.Chinese prices were affected by exchange rates.South Asian prices were flat or lower.After collapsing with the release of a higher U.S.production forecast in last month's report,NY futures moved higher with production-related concerns stemming from the arrival of two major.展开更多
文摘Contrary to the conventional wisdom which suggests that a perfectly rational subject with risk-averse attitude should never gamble, this paper provides a vivid example in our real economy for people to expect a positive return to gamble Within the existing literature, scholars have proposed different reasons to explain why an original risk-averse person would start to gamble, with the implicit assumption that the expected payoff of a bet is always lower than its cost. In contrast, our paper discusses when and why a risk-averse person could bet strategically with a positive expected return; in particular, we used field data in Hong Kong to illustrate a vivid scenario for positive expected return in gambling.
文摘The leading trade event in the world’s biggest yarn and fiber consuming market;an unrivalled ability in gathering high-quality worldwide buyers from various market sectors;strong industry affirmation on its effectiveness;
文摘2017.09 Released by Cotton Incorporated Recent price movement NY futures and the A Index were influenced by U.S.crop expectations over the past month.Chinese prices were affected by exchange rates.South Asian prices were flat or lower.After collapsing with the release of a higher U.S.production forecast in last month's report,NY futures moved higher with production-related concerns stemming from the arrival of two major.