4 ms·
So... there exist predictions where being able to do better than a coin flip does not mean you can make money over time. This is in direct contradiction to wha
by dllthomas 10y ago
So... there exist predictions where being able to do better than a coin flip does not mean you can make money over time. This is in direct contradiction to what you said above:
> If you can do better than a coin flip in ANY prediction, you can make money over time.
It's also not true even in the case of predictions where there is a relevant liquid market. If everyone can do better than a coin flip, then I can only make money doing better than the rest. And even if I can do better than everyone else, if it's not better enough that the earnings cover my costs I am still losing money over time.