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Risk, Uncertainty, Fear, and Gambling

In: The Fear Factor

Author

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  • Colin Read

    (SUNY College)

Abstract

We all aspire to “invest” our hard earned savings into financial markets that offer a return in excess of the small but risk-free return on Treasury bonds. With a typical inflation rate of 3%, bonds earning less than 3% do not even keep pace with inflation. They certainly do not build the nest egg we all require for a comfortable and, hopefully, extended retirement. What portion of our savings is truly invested, though, and what is merely rolling the dice?

Suggested Citation

  • Colin Read, 2009. "Risk, Uncertainty, Fear, and Gambling," Palgrave Macmillan Books, in: The Fear Factor, chapter 13, pages 112-117, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-25086-4_14
    DOI: 10.1057/9780230250864_14
    as

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