Economy for dummies. First and final episode: Martingales and unlimited credit.
A.k.a.
Martingales and Too big to fail.
Did you ever have a dream, where you could play in a casino with no rules and no limits and unlimited credit?
Where you would first put an amount of your choice on red, then 2 times that, then 4 times, 8 times, 16 times, 32 times, 64 times, 128 times, 256 times, 512 times, 1024 times, 2048 times, 4096 times, 8192 times, 16384 times, 32768 times, 65536 times and so on as long as it's necessary, that is until the ball finally rests on red?
Well, I just had.
Martingales and Too big to fail.
Did you ever have a dream, where you could play in a casino with no rules and no limits and unlimited credit?
Where you would first put an amount of your choice on red, then 2 times that, then 4 times, 8 times, 16 times, 32 times, 64 times, 128 times, 256 times, 512 times, 1024 times, 2048 times, 4096 times, 8192 times, 16384 times, 32768 times, 65536 times and so on as long as it's necessary, that is until the ball finally rests on red?
Well, I just had.
Labels: 11, geschichte, gesellschaftskritik, gesetze, institutionen, mathematik, zeitgeschichte, ἰδέα, φιλοσοφία
Eingetragen Am/um
06:39
