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In page Paul R. Ehrlich:

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This exchange resulted in the Simon–Ehrlich wager, a bet about the trend of prices for resources during a ten-year period that was made with Simon in 1980.[3] Ehrlich was allowed to choose ten commodities that he predicted would become scarce and thus increase in price. Ehrlich chose mostly metals, and lost the bet, as their average price decreased by about 30% in the next 10 years. Simon and Ehrlich could not agree about the terms of a second bet.[citation needed]