Saturday, 2 May 2015

Royal bets

The pre occupation of the British with the personal lives of their royal family is quite amusing. But the big coverage of that in the media  worldwide is baffling.

Or is it really so?  Behind this gentle madness, lurks a merchandising plan. Everything newsworthy nowadays is exploited for marketing. Or rather the reverse of it. Everything that has to be marketed is made newsworthy.

And note how betting is ingrained in such events like the birth of the second child to the royal couple. First they had a bet on the gender of the baby before her birth. Now they are having one on the name.

I wonder when  some complex Derivative product, with all parapharnelia of probablity, volatility and historical curve analysis  would be developed to make money on such human behaviour by the financial wizards

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