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Is Sensei a Lemon? Uncertainty and the Karate Market
Why are the vast majority of Karate instructors below average? George Akerlof’s research on information asymmetry explains this apparent mathematical impossibility. Akerlof described the market effects...
View ArticleBoard Breaking Tips: How Anyone Can, Why Nobody Should
My first experience with board breaking was a total humiliation. I was a ten-year-old Karate student, with six months of practice under my orange belt, when my sensei decided we should all break some...
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