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| http://ses.library.usyd.edu.au/handle/2123/9242This is the abstract of a small study using 4th year university financial students The researchers got some students to guess the outcome of a sequence of 5 tosses of a coin. Then they got some other students to bet on how well the first group would do on a second sequence. Their bets went to those of the first group who had performed worst by default; but they could pay to switch those bets to those who had performed best in the first trial. 23 out of 28 of them paid to switch.......
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