Dictionary definition: actuarially fair odds

Dictionary definition: fair odds
A Dictionary of Economics;      293 words ...fair odds The odds which would leave anybody betting ... house will burn down during the next year, actuarially fair odds are 99 to 1 against this happening. If I ... x2009;= 0; the odds are thus actuarially fair.

Dictionary definition: risk-loving
A Dictionary of Economics;      357 words ... ... such preferences would always accept gambles at actuarially fair odds , and would accept some gambles with less than actuarially fair odds. It is necessary to distinguish between risk ...

Article: GIVEN SPACE AND FAIR ODDS, FOXES COULD HUNT ...
The Virginian Pilot;  April 17, 1996 ;     647 words ... ... of hunters pounding along behind on horses hallooing. The hunters, not the horses. They neigh. Given plenty of room and fair odds the foxes might wind up hunting us. A hunter told me a pair of foxes could live in my back yard - ``particularly your back ...

Article: Fair odds for the farm bill
Chicago Sun-Times;  October 31, 2007 ;     319 words ...As upland game seasons open in Illinois on Saturday, the most important action might be 700 miles away as Congress hammers out the Farm Bill. "Habitat-wise we are not gaining or losing a lot: We are just treading water and keep hoping to get some programs that work better for us," said John Cole,

Article: Starborough fair odds for an upset
The Independent - London;  June 17, 1997 ;     700+ words ...Depending on your point of view, it is either a great strength or a source of enormous irritation that the sights and sounds of Royal Ascot's opening day are strikingly similar to those depicted in the famous scene in My Fair Lady. True, the gents and gels will not be dancing in formation on the

Article: Organizational capital and corporate insurance hedging.
Journal of Risk and Insurance;  September 1, 1992 ;     700+ words ... ... but the potential increase in firm value will be absorbed by the insurer as an insurance premium exceeding the actuarially fair odds by a mark-up sufficient to justify holding undiversifiable risk. On the surface, an insurance contract with ...

Dictionary definition: gambling
A Dictionary of Economics;      355 words ...gambling Taking on bets at less than actuarially fair odds. On the assumption that the gambler understands the odds, there are three possible reasons for being willing to gamble. One ...