3 ms·

Good point. "Time" in a computer is not a real number in the mathematical sense. It's quantized. So simply set the quantum unit appropriately and call all trad

Good point. "Time" in a computer is not a real number in the mathematical sense. It's quantized. So simply set the quantum unit appropriately and call all trades within that unit "the same time." Then the choice is between N identical trades that come in at the same time. Random seems as good a method as any.

infecto 3y ago
That would be a naive solution. This is why I have stated there is no easy solution to these problems. Randomizing it would lead to actors gaming it. How would you randomize it? Random why order? Then I will just place more orders maybe. Random across actors? Then maybe I add more actors to the pool. Instead of stroking your ego talking about time, I hope you realize that the solutions to fair market participation can be challenging and it’s not as easy to just make a blanket statement.
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