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He listed a necessary attribute/problem to be overcome without mentioning the solution that already exists in one of the most prominent markets that exist. I un
by conjecTech 8y ago
He listed a necessary attribute/problem to be overcome without mentioning the solution that already exists in one of the most prominent markets that exist. I understand what he was trying to do, but that seems pretty revealing.
And again, it wasn't his particular knowledge I was criticizing. It was the way, from my understanding, he applied it towards solving the problem of creating the incarnation of prediction market that he wants. Asking why you couldn't just convince CBOE to introduce these kinds of things would probably be far more revealing than trying to piece together all of the necessary conditions for a prediction market from recollection and anecdote.
- trishume 8y agoI think it’s okay to write a short article. He was writing an article about the fundamental attributes a good market requires (based on his vast experience with financial and betting markets), not an article about how financial markets provide them, maybe he’ll do one of those in the future. I don’t think he’d disagree with you that modern financial markets are very well designed and have these attributes.