Part 3 — CHAPTER XV.
Reading edition
CHAPTER XV.
INSURANCE AND GAMBLING.
§§ 1, 2. The certainties and uncertainties of life.
3–5. Insurance a means of diminishing the uncertainties.
6, 7. Gambling a means of increasing them.
8, 9. Various forms of gambling.
10, 11. Comparison between these practices.
12–14. Proofs of the disadvantage of gambling:—
(1) on arithmetical grounds:
15, 16. Illustration from family names.
17. (2) from the ‘moral expectation’.
18, 19. Inconclusiveness of these proofs.
20–22. Broader questions raised by these attempts.