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1 - 1 of 1 search results for `optimal gambling` |u:www.cerf.cam.ac.uk

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  2. Blog-2022 | Cambridge Endowment for Research in Finance (CERF)

    https://www.cerf.cam.ac.uk/blog/blog-2022
    25 Jun 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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