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Gambling for redemption or ripoff? - News & insight - Cambridge…
https://www.jbs.cam.ac.uk/2022/gambling-for-redemption-or-ripoff/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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