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Game theory to understand rigged economies


From Adam Smith's 'invisible hand' to the very tangible effect of corruption and market manipulation, economic systems have always been under suspicion. "The game is rigged!" is often heard as a slogan to denounce injustices or counter-intuitive behavior given the complexity of the economy. What would happen if we accept, in fact, that the market can be rigged? How would it then change the nature of the economic relations (markets, contracts, industry, etc.) in which we participate? Luís F. ...



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