Bank Run

topic on 1 show · 1 statements across 1 episodes

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Sacks: Withdrawing funds during a bank run is completely rational game theory
“The downside of taking your funds out immediately is zero. And the upside is you might save a hundred percent of your money. So it's a rational decision when confidence is lost to take out your money.”
David Sacks Mar 11, 2023 ▶ 1:10:52 E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more

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