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April 05, 2013

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Arthur Edwards

Unless the stocks were actually bought in real transactions (ie the monkeys had some fur in the game) then this is of limited significance ... can we be told? Seriously - do not underestimate the gap between the theoretical and the actual, or what Soros call reflexivity. The world of what might have been is speculativ - the world of what people actually do is the one we have to live with the consequences of. If this were not the case we would be 'will-less'. For example, why have elections if we can rely on opinion poles instead? Arthur

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