Home News This ‘fix’ for economic theory changes everything from gambles to Ponzi schemes

This ‘fix’ for economic theory changes everything from gambles to Ponzi schemes

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Whether we decide to take out that insurance policy, buy Bitcoin, or switch jobs, many economic decisions boil down to a fundamental gamble about how to maximize our wealth over time. How we understand these decisions is the subject of a new perspective piece that aims to correct a foundational mistake in economic theory.