So.. markets are saying there's a 10% chance of George Santos getting pardoned? Seems too high imo.. What's even the political benefit for the administration doing this
@jmhorp this is what happens when there aren't enough advertisers in a social media ads marketplace - the ads auction has no choice but to show you the same ad over and over again. probably a result of the advertiser exodus if i had to guess
@VitalikButerin Prediction markets may also be muddled by people betting on an outcome they don’t want to happen in order to emotionally hedge... may explain why Trump shares on prediction markets are being bid up relative to stats models
@paulg Trump’s odds on betting markets may be inflated because of people buying up Trump shares for hedging purposes. 538’s model, meanwhile, isn’t affected by people buying insurance on a Trump victory
For some context, I'm seeing a pretty wide gap between what prediction markets and polls are saying about the 2020 prez election. Wondering how much we can trust prediction markets given the impact of emotional hedging
Is prediction market accuracy distorted by emotional hedging? Say we have 2 outcomes (A, B) but A has significant negative externalities on society. I'd expect A to be overvalued in prediction markets b/c of ppl hedging against that outcome. Thoughts @tylercowen, @Noahpinion?
SF's wealthy must step up as leaders to help solve our city's problems.
To expect that SF Gov can handle the influx of dilemmas is pure fantasy.
(1/x)
https://t.co/KdCAPnaufl
@Sly08930562 @Noahpinion Definitely, more unequal than the U.S. even. Thing is, I would have expected the wealthier elements in Singapore to bid up the price of street food though, similar to what's happened in SF. Really hard to find a burrito in SF for under $9 these days