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submitted 2 weeks ago by The_Picard_Maneuver@lemmy.world to c/memes@lemmy.world

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[–] iii@mander.xyz 1 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

"Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize."

That definition encompasses everything we do in life. From crossing the road, to buying a fridge, to falling in love.

[–] Lifter@discuss.tchncs.de 3 points 2 weeks ago

Exactly! Which is why it is mad trying to outlaw or frown upon "gambling" with stocks.

There are many great wxamples in this thread already of why derivatives are necessary to a functioning society.