"Not sure I'm following the logic. You need a single prediction market, or rather, you have as many Science!s as there are prediction markets. But a single worldwide prediction market follows automatically from 'arbitrage' - if one market is buying a proposition at 80% and one market is selling at 60%, you can buy in the 60% market and sell in the 80% market and make a guaranteed profit and do that until the prices equalize."
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lawful chaotic
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lawful chaotic
"Not sure I'm following the logic. You need a single market for predictions, or rather, you'd expect to end up with as many separate Science!s as there are separate markets. But a single worldwide market follows automatically from 'arbitrage' - if one market is buying a proposition at 80% and one market is selling at 60%, you can buy in the 60% market and sell in the 80% market and make a guaranteed profit and do that until the prices equalize." |
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lawful chaotic
"Not sure I'm following the logic behind the question? You need a single market for predictions, or rather, you'd expect to end up with as many separate Science!s as there are separate markets. But a single worldwide market follows automatically from 'arbitrage' - if one market is buying a proposition at 80% and one market is selling at 60%, you can buy in the 60% market and sell in the 80% market and make a guaranteed profit and do that until the prices equalize." |