What does dutch book mean?
Definitions for dutch book
dutch book
This dictionary definitions page includes all the possible meanings, example usage and translations of the word dutch book.
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Wiktionary
Dutch booknoun
A set of trades or bets such that, regardless of the outcome of events, one party strictly profits and another strictly loses.
Wikidata
Dutch book
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 probabilities implied by the odds not being coherent. In economics a Dutch book usually refers to a sequence of trades that would leave one party strictly worse off and another strictly better off. Typical assumptions in consumer choice theory rule out the possibility that anyone can be Dutch-booked.
Numerology
Chaldean Numerology
The numerical value of dutch book in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of dutch book in Pythagorean Numerology is: 9
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"dutch book." Definitions.net. STANDS4 LLC, 2024. Web. 6 May 2024. <https://www.definitions.net/definition/dutch+book>.
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