Gambling and Rationality
Markets are often influenced by irrational behavior, as seen with sports betting and the GameStop phenomenon. With a staggering projection of $700 billion in global gambling losses by 2028, the creeping presence of gambling in American life raises concerns about consumer outcomes. While prediction markets may play a minor role, the overarching trend indicates that the house typically wins, leaving consumers at a disadvantage.In this clip
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Why Bezos Silenced The Post | EP 107
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