In July 2003 details leaked of a new venture from the Defense Advanced Research Projects Agency: an online market for financial speculation on possible terrorist attacks, assassinations, and coups. “Futures markets have proven themselves to be good at predicting such things as elections results,” the Defense Department argued. “They are often better than expert opinions.” DARPA—already under fire for its proposed Total Information Awareness program—was forced to abandon the idea.
Miscellany
Thomas Jefferson never wrote or said, “I’m a great believer in luck. The harder I work the more I seem to have.” The quip was crafted by San Francisco humorist Coleman Cox for a 1922 collection titled Listen to This.
“The worst punishment God can devise for this sinner,” wrote Harper Lee—who loved casino gambling—in a 1990 letter, “is to make her spirit reside eternally at the Trump Taj Mahal in Atlantic City.”
According to Pliny, after an oracle predicted Aeschylus would die from being hit by a falling house, the poet began “trusting himself only under the canopy of the heavens.” His precaution was futile; he was killed that day when hit by a tortoise dropped from the sky by a hungry eagle eager to crack open its shell.
“The contempt of risk and the presumptuous hope of success are in no period of life more active than at the age at which young people choose their professions,” wrote Adam Smith in 1776. “How little the fear of misfortune is then capable of balancing the hope of good luck.”
A young nobleman in ancient Athens fell in love with a statue of Agathe Tyche, goddess of good fortune. He hugged and kissed it, then offered the local council a large sum of money to purchase it. When his request was denied, he decorated the statue extravagantly with crowns and garlands, offered a sacrifice, uttered a lengthy lamentation, and killed himself.