In the 18th century Britain frequently issued lottery loans, selling bonds whose size was determined by a draw soon after the sale. The probability distribution was perfectly known ex-ante and highly skewed. After the draw the bonds were identical (except for size) and indistinguishable from...

Chapter 1. Different Forms of Microcredit and Social Business - Microfinance in Global History from the Late Medieval to the Modern -- Part I. The Microcredit -- Chapter 2. Tanomoshi in 16th Century Kyoto: Some Brief Reflections -- Chapter 3. Microcredit in the Shop in Late Medieval Tuscany: A...