I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous. ↗
We genuinely believe to this day that it was an honest genuine mistake and we never imagined the punishment would be eight months. The precedent dictated that it was unlikely to be that. We don't regret he played for that period. ↗
Nothing defines humans better than their willingness to do irrational things in the pursuit of phenomenally unlikely payoffs. This is the principle behind lotteries, dating, and religion. ↗