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You would expect an efficient market to set prices such that they have the same EV as other options, so this is not surprising or disappointing. And you'd expe
by SamReidHughes 10y ago
You would expect an efficient market to set prices such that they have the same EV as other options, so this is not surprising or disappointing. And you'd expected the median to be a money-loser if there's a skewed distribution.