Article Correctness Is Author's Responsibility: This ‘Fix’ for Economic Theory Changes Everything From Gambles to Inequality to Ponzi Schemes

Whether we decide to take out that insurance policy, buy Bitcoin, or switch jobs, many economic decisions boil down to a fundamental gamble about how to maximize our wealth over time. How we understand these decisions is the subject of a new perspective piece in Nature Physics that aims to correct a foundational mistake in economic theory.