4 ms·

I think it's just interest rates. I can easily get 3% per year investing in safe bonds, so I expect at least 3% to put money on any 100% safe bet. I want to

I think it's just interest rates. I can easily get 3% per year investing in safe bonds, so I expect at least 3% to put money on any 100% safe bet. I want to be paid for waiting X months

chrchr 1y ago
That doesn't explain why there's a market for "Yes". For "No" to be worth 3% instead of 0%, there must be people who think "Yes" will in some way be worth 3% or more.