The 10th Man: EFPs and The Unanticipated Consequences of Purposive Social Action
By Jared Dillian Pretend you are a corn trader. As such, you have two choices: have a position in corn futures or own physical corn. It may seem silly to even consider owning physical corn, because corn futures are easy to trade—just click a button on your screen. But assume you have a grain elevator, […]
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