A general oversimplified theory of vice: People want to buy variance.
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Replying to @ctbeiser
isn’t that imagining there’s a set demand for variance and people try to converge on it? people in uncertain situations might be more likely to have shit situations that motivate them to gamble big
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Replying to @ctbeiser
just saw this because it cites the original becker/posner paper https://dspace.stir.ac.uk/bitstream/1893/23582/1/Suicides_Dec2015_JEEA_style.pdf …
1:07 AM - 6 Jan 2020
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