Investing at the Edge of Knowledge, Part 3 · Start with Part 1 “One of these days in your travels, a guy is going to show you a brand-new deck of cards on which the seal is not yet broken. Then this guy is going to offer to bet you that he can make the jack of spades jump out of this brand-new deck of cards and squirt cider in your ear. But, son, you do not accept this bet, because as sure as you stand there, you’re going to wind up with an ear full of cider.” Zeckhauser opens his 2006 pape...
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