Difference between revisions of "1499"
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==Explanation== | ==Explanation== | ||
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In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets. Some place give unlimited free chips while you are eating there. In the comic "hair guy" is taking advantage of this fact to turn a profit for himself. In the real world one wouldn't be allowed to carry bags full of chips out of the restaurant, nor is one expected to try to do this. | In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets. Some place give unlimited free chips while you are eating there. In the comic "hair guy" is taking advantage of this fact to turn a profit for himself. In the real world one wouldn't be allowed to carry bags full of chips out of the restaurant, nor is one expected to try to do this. | ||
Revision as of 12:50, 16 March 2015
| Arbitrage |
 Title text: The invisible hand of the market never texts me back. |
Explanation
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This explanation may be incomplete or incorrect: Very early draft. If you can address this issue, please edit the page! Thanks. |
In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets. Some place give unlimited free chips while you are eating there. In the comic "hair guy" is taking advantage of this fact to turn a profit for himself. In the real world one wouldn't be allowed to carry bags full of chips out of the restaurant, nor is one expected to try to do this.
Title text
In economics, the invisible hand is a metaphor used by Adam Smith to describe unintended social benefits resulting from individual actions.
