There is a paper by Taleb on the differences between probabilities and betting prices, these taken to be as “binary options”. It can be found [here](https://arxiv.org/abs/1907.11162). Of course, it applies when bets are made on real money and there is a possibility of not betting and, rather, investing in some interest bearing safe asset.
There is a paper by Taleb on the differences between probabilities and betting prices, these taken to be as “binary options”. It can be found [here](https://arxiv.org/abs/1907.11162). Of course, it applies when bets are made on real money and there is a possibility of not betting and, rather, investing in some interest bearing safe asset.