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A comment on Why Is the Stock Market Booming?. Parent comment
- If you go to the casino with your own money, rational people will gamble what they can afford to lose.
- If you go to the casino but are told that whatever you lose, someone else will cover your losses, how much will a rational person gamble?
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- If you go to the casino with your own money, rational people will gamble what they can afford to lose.
- If you go to the casino but are told that whatever you lose, someone else will cover your losses, how much will a rational person gamble?