EconomicsNovember 12, 2009
Today my professor for honours microeconomics said in passing that he can't believe people go to casinos, because they are just "guaranteeing they will lose." It's a fair, conventional point, but it immediately struck a chord and I've been thinking idly about it ever since. All I can give here is a total outsider's perspective, as I'm a complete novice when it comes to economics, but it seems to me to represent a few things that are wrong with conventional economic analysis.
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