Against The Gods

By Peter L. Bernstein

• Greeks had no sense
• Hindu numerals
• Parlor games
• Cardona's theory of odds
• Blaise Pascal wager
• Graunt - acturial tables, sampling, stasticial interference
• Edmund Haley - his tables lead to insurance
• Llyods at a coffee shop
• "Fear of harm ought to be proportional not merely to the gravity of the harm, but also to the probability of the event."
• Price utility
• Bernoulli definition of wealth
• People could earn wealth instead of just inheriting it
• Seven million people Moscow one elephant