ENTITY The Wave

The Wave

PulseAugur coverage of The Wave — every cluster mentioning The Wave across labs, papers, and developer communities, ranked by signal.

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COMMENTARY · CL_163888 · Jul 26 · 09:30

Economists explain lotteries reveal demand, not create it

Economists like Judd Kessler from the University of Pennsylvania's Wharton School explain that lotteries are often used by businesses to manage excess demand for scarce goods, revealing existing demand rather than creat…