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Gael V.

@gae_v317

Positive Externalities

A positive externality imposes an unexpected benefit on a third party. The producer doesn't agree to this, nor do they receive a 'reward' for it.

  • Scientific research can have applications beyond their initial scope.
  • Blaise Pascal and Pierre de Fermat developed probability theory to solve a gambling dispute. Probabilities are now a core part of how we think.

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Externalities: Why We Can Never Do "One Thing"

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