Talk:Dutch book
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Fascinating. Sweetfreek 21:02, 23 Jun 2005 (UTC)
- If you liked this article, you should also like coherence (philosophical gambling strategy). Michael Hardy 23:40, 23 Jun 2005 (UTC)
I think the gambling section needs to be better explained, especially the gambling terminology used. Why does the bookie need to pay out $200 no matter what happens? I don't get it. --Zeno of Elea 04:22, 23 July 2005 (UTC)
- If Horse 1 wins, the bookmaker returns 100 of stake, plus 100 (evens) so 200. If Horse 2 wins the payout is 50 of stake plus 150 (3/1), and so on. --Henrygb 00:58, 25 May 2006 (UTC)
I would be happy to see some etimological background too. As I know the "dutch whatever" structure is used in english to say that something is of low quality, while this is definitely not true to dutch book. One really nice game (in the general sense, not economic) with this double meaning of "dutch" is in one of Matthew Rabin's articles; something like "several professors wrote dutch chapters, but none of them has a dutch book".
I tried to reflect the clarification given by Henrygb in the table, since I also had no gambling background and had to take a little time to figure out what was being said. Hopefully this is correct (there was also an error in one of the stakes, I believe - see changes) 83.103.77.181 (talk) 11:23, 5 January 2008 (UTC)