Speculation and insurance-seeking are the same activity

Evidence

Speculation includes wagers on possible future movements of asset prices, as well as the trading of assets that seeks insurance against such price movements. — Aris Komporozos-Athanasiou, Speculative Communities, 8

Categorization

• QUESTION: Collapses hedging and betting into one category — worth chasing whether the author distinguishes risk-hedgers from pure gamblers or treats them identically throughout.
• XREF: connects to: Insurance and speculation share a structure of betting on contingent futures. — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 416; Speculation is an imaginative act confronting uncertainty via hedging and wagering — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 85; Speculation is an imaginative act confronting uncertainty, not mere risk-taking — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 85 (+3 more)
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Insurance and speculation share a structure of betting on contingent futures. — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 416; Speculation is an imaginative act confronting uncertainty via hedging and wagering — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 85; Speculation is an imaginative act confronting uncertainty, not mere risk-taking — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 85 (+3 more)

Broader Connections

• Algorithmic risk prediction individualizes insurance and erodes social solidarity #complicates (0.74) — Aris Komporozos-Athanasiou, Speculative Communities, 421