A transdisciplinary survey of practices that produce, analyse, and exploit risk and uncertainty, the eighth volume of Collapse uncovers the conceptual underpinnings of methods designed to extract value from contingency—at the gaming table, in the markets, and in life. The indictment of “casino capitalism” and the centrality of risk to contemporary society are traced back to a ubiquitous image of thought that originated in games of chance, but which is no longer adequate to address a world whose realities are now shaped by risk models and trading in speculative futures.
To challenge the “casino” model, this volume brings together philosophers who extend the thinking of contingency beyond statistical modelling, professional traders and gamblers whose lifelong experience has shaped their understanding of chance, researchers analysing the perception and treatment of risk and uncertainty in diverse arenas including derivatives trading, quantum physics, insurance, sonic experimentation, literature, futurology, mathematics, and machine gambling, and artists whose work addresses both the desire to confront chance and the need to tame it by bringing it to order.