Charles Fried, a law professor at Harvard, famously argued that a contract is a promise. We at prior probability, however, say that a contract is more like a bet. Consider the relation between sports contracts in baseball and hitting success. … Continue reading
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Philosophical thought from an amateur and armchair thinker. No expertise, just speculation.
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In Conversation with Legal and Moral Philosophers
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Relitigating Our Favorite Disputes
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A blog about economics, politics and the random interests of forty-something professors
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prior probability 