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search results for `optimal gambling` |u:www.cerf.cam.ac.uk
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Blog-2022 | Cambridge Endowment for Research in Finance (CERF)
https://www.cerf.cam.ac.uk/blog/blog-202212 Jul 2024: Gambling for ripoff, which means taking a very big risk, benefiting the owners at the expense of the creditors and overall efficiency – like an “asset substitution on steroids.” Ripoff is optimal ... be pushed into bankruptcy, and gambling is only
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