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Money pumps in the market
Ariel Rubinstein
*
,
Ran Spiegler
*
Corresponding author for this work
School of Economics
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Business & Economics
Lottery
100%
Exploitation
68%
Speculative Trade
65%
Intrinsic Value
45%
Market Mechanism
42%
Traders
40%
Vulnerability
35%
Profit
35%
Assets
22%