Gambling
An economic activity in which one party pays for the privilege of risking money on a probabilistic activity with negative expected-return. Often gambling games are negative-sum.
Trading crypto assets is often compared to gambling.
Examples
- Packel, Edward W. Mathematics of Games and Gambling. Vol. 28. MAA, 2006.
- Read, Colin. "Risk, Uncertainty, Fear, and Gambling." In The Fear Factor, pp. 112-117. Palgrave Macmillan, London, 2009.