What Is a Gallerist? A gallerist is an owner or operator of an art gallery. Gallerists buy and sell artworks, and often focus on higher-end pieces that carry premium prices. The job responsibilities range from the technical—such as how to display artworks—to operational, such as keeping the gallery running properly. Key Takeaways A gallerist is an owner or
What Is the Gambler’s Fallacy? The gambler’s fallacy, also known as the Monte Carlo fallacy, occurs when an individual erroneously believes that a certain random event is less likely or more likely to happen based on the outcome of a previous event or series of events. This line of thinking is incorrect, since past events do
What Is a Gambling Loss? A gambling loss is a loss resulting from risking money or other stakes on games of chance or wagering events with uncertain outcomes. These losses can only be claimed against gambling income. Key Takeaways When people place bets on lotteries, raffles, horse races, in casinos, or on events, they risk
What Is a Game-Changer? Throughout time, certain ideas have changed how people live, how societies function, and even the course of history. These ideas have been brought to life by individuals who considered things as they were, envisioned what could be, and committed to creating the changes that they believed in. Those people are sometimes
What Is Game Theory? Game theory is a theoretical framework for conceiving social situations among competing players. In some respects, game theory is the science of strategy, or at least the optimal decision-making of independent and competing actors in a strategic setting. Key Takeaways Game theory is a theoretical framework to conceive social situations among competing
What Is a Gaming Industry ETF? Gaming industry ETFs are exchange-traded funds that invest in casino and sports betting companies for the purpose of generating returns equal to an underlying index. Gaming funds track companies involved with casino and sports gambling, but can also include video games and similar forms of electronic entertainment. Key Takeaways Gaming Industry ETFs track companies
What Is Gamma? Gamma (Γ) is an options risk metric that describes the rate of change in an option’s delta per one-point move in the underlying asset’s price. Delta is how much an option’s premium (price) will change given a one-point move in the underlying asset’s price. Therefore, gamma is a measure of how the
What Is Gamma Neutral? A gamma neutral options position is one that has been immunized to large moves in an underlying security. Achieving a gamma neutral position is a method of managing risk in options trading by establishing an asset portfolio whose delta’s rate of change is close to zero even as the underlying rises
What Are Gann Angles? Gann angles are named after their creator W.D. Gann. Gann believed the angles could predict future price movements based on geometric angles of time versus price. Gann was a 20th-century market theorist. The validity and usefulness of his theories, however, are subject to debate. Several Gann angles used together make up
What Is the NAD (Namibian Dollar)? The NAD (Namibian Dollar) is the national currency of Namibia. It was introduced in September 1993, replacing the South African rand (ZAR), which had been in use by the county since 1990. Although the rand is no longer the official currency of Namibia, it is still considered legal tender
