4 ms·
Nitpick: doesn’t have to be equally - one party in a trade can gain more than the other, not necessarily proportionally to size (but both end up better off than
by stepanhruda 5y ago
Nitpick: doesn’t have to be equally - one party in a trade can gain more than the other, not necessarily proportionally to size (but both end up better off than not trading). The key is to sanction areas where the losses hurt the other side more than you.