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Second Place Is The First Loser: Strategy Over Speed

The Answer Is Transaction Costs

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The Palio: Rivalry and Deception in Siena

This chapter explores the intense historical rivalry among Siena's neighborhoods during the Palio horse race, highlighting events from 1686 that showcased strategic conflicts and city interventions. It reveals the morally ambiguous practices surrounding jockey recruitment and race outcomes, emphasizing the lengths neighborhoods will go to achieve victory.

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