Risk, Uncertainty, Fear, and Gambling
Colin Read
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Colin Read: SUNY College
Chapter 13 in The Fear Factor, 2009, pp 112-117 from Palgrave Macmillan
Abstract:
Abstract We all aspire to “invest” our hard earned savings into financial markets that offer a return in excess of the small but risk-free return on Treasury bonds. With a typical inflation rate of 3%, bonds earning less than 3% do not even keep pace with inflation. They certainly do not build the nest egg we all require for a comfortable and, hopefully, extended retirement. What portion of our savings is truly invested, though, and what is merely rolling the dice?
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25086-4_14
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DOI: 10.1057/9780230250864_14
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