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I was thinking that, because the market created value, it couldn't be zero or negative sum. Now I realize that it's negative sum within the scope of the market
by muerdeme 18y ago
I was thinking that, because the market created value, it couldn't be zero or negative sum. Now I realize that it's negative sum within the scope of the market itself, even though it may create value in a grander scheme of things.
- brentr 18y agoTo truly understand the implications of game theory applied to the financial markets, you should look up the concept of Pareto improvements and Pareto optimums.