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Urdu“The poor play the lottery, the rich play the stock market.” This comical statement seems to hide both hope and the bitter truth. An economics professor at Chulalongkorn University invites us to understand why many Thais put their hopes into lotteries and analyzes how their popularity relates to social inequality, upward mobility and corruption.
Tag: Ponzi Scheme
IU Kelley School of Business finance expert available to discuss Bernard Madoff’s legacy, long-term effect of his scheme
Bernard “Bernie” Madoff, convicted architect of an infamous and epic securities Ponzi scheme with thousands of investors, died behind bars on April 14 at the age of 82. Noah Stoffman, an associate professor of finance and Weimer Faculty Fellow at…