I dislike “infinite money” as an analogy to resolving a market; seems like it isn’t needed since in actual practice prediction markets don’t require infinite money
A “trading strategy” (as per the Logical Induction paper) is a function from prices to a list of buy/sell actions. ⇒ it feels like this isn’t as elegant as “a probability is a representation of degree of belief”. It feels like trying to ground an epistemology in prediction markets is incomplete.
Interesting. Some thoughts
I dislike “infinite money” as an analogy to resolving a market; seems like it isn’t needed since in actual practice prediction markets don’t require infinite money
A “trading strategy” (as per the Logical Induction paper) is a function from prices to a list of buy/sell actions. ⇒ it feels like this isn’t as elegant as “a probability is a representation of degree of belief”. It feels like trying to ground an epistemology in prediction markets is incomplete.