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In this case, those folks lost all their money, so it seems like they actually did have pretty well aligned incentives... I think the more subtle distinction w
by chris_va 4y ago
In this case, those folks lost all their money, so it seems like they actually did have pretty well aligned incentives...
I think the more subtle distinction would be making short term risk adjusted incentive identical to long term risk adjusted incentive, so people don't mistakenly think gambling is a good idea.