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Using the Grossman-Stiglitz paradox, explain what is misleading in the following quote from Paul Samuelson: A respect for the evidence compels me to incline toward
Using the Grossman-Stiglitz paradox, explain what is misleading in the following quote from Paul Samuelson: "A respect for the evidence compels me to incline toward the hypothesis that most portfolio decision makers should go out of businesstake up plumbing, teach Greek, [...]"
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