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by ethorad
Tue Sep 06, 2011 4:43 pm UTC
Forum: Individual XKCD Comic Threads
Topic: 0947: “Investing”
Replies: 148
Views: 34937

Re: 0947: “Investing”

To those who claim the lottery is a tax on the bad at maths, do you buy insurance? As an economist will tell you, people don't generally try to maximise their wealth, they try to maximise their utility (or "happiness"). As a function of money, someone's utility curve will generally be upwa...

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