distic
23hr ago
Fans should have already gotten flight tickets, but would flight operators cancel flights due to raising fuel costs?
Aren't futures made exactly for this purpose? Don't companies buy futures so they can price the tickets and not be bankrupt by the price of oil?
The Venezuela op was a masterclass.
Was it? It was very risky, as proved by the Iran op. Even in a game with a negative expectation, you can sometimes win once or twice. It does not mean it was a good idea in the first place.
There is a paradox if you do not assume any theory about economics. You are entirely correct, but this is not how a paradox works. It's like the Monty Hall paradox. If you think about it, it's perfectly logical, but there is a way to look at it which makes it weird. You need water more than you need diamond, and there are plenty of cases where diamonds would be less expensive than water. For example, you are in the desert and you have a diamond but no water.
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