- Dutch book
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A set of trades or bets such that, no matter the outcome of events, one party strictly profits and another strictly looses.
Wikipedia foundation.
Wikipedia foundation.
Dutch book — This article is about gambling. For books in the Dutch language, see Dutch literature. In gambling a Dutch book or lock is a set of odds and bets which guarantees a profit, regardless of the outcome of the gamble. It is associated with… … Wikipedia
Dutch book — A set of beliefs held with various degrees of confidence is open to a Dutch book if, were a subject forced to bet in accordance with these degrees of confidence, he could be made to lose whatever happens. For example, if I am confident that p but … Philosophy dictionary
Dutch Book Theorem — A type of probability theory that postulates that profit opportunities will arise when inconsistent probabilities are assumed in a given context and are in violation of the Bayesian approximation. The assumed probabilities can be rooted in… … Investment dictionary
Dutch — usually refers to: Something from or related to the Netherlands Dutch people, people from the Netherlands or their descendants Dutch language, spoken in the Netherlands, Belgium, Suriname, Curaçao, Aruba, Bonaire, Saba, Sint Maarten, and Sint… … Wikipedia
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