Making bets is one of those things that sounds good in principle but I haven’t gotten around to doing (sort of like this list 10 applications exercise). I feel like my time horizons are simply too short right now to keep track of multi-year bets, which seem to be all the interesting ones that people want to take. Any tips?
You can play betting games where the bets resolve instantly because you can look up the answers, e.g. trading a contract with a friend worth the base-10 logarithm of the mass of the sun, in dollars. Basically competitive Fermi estimates. You can do this any time you want to look something up, right before looking it up.
Find some small area of your life where you can keep making bets with a friend. For example, if you go to the shops once a week with a partner, you can bet each week on whether a particular product will be sold out, or whether a certain product will have a reduced price. Two guys who live in my house play Smash Bros regularly, and they make bets about how games will go when e.g. a new friend plays with them.
What do you do regularly with friends that you could make bets about?
Making bets is one of those things that sounds good in principle but I haven’t gotten around to doing (sort of like this list 10 applications exercise). I feel like my time horizons are simply too short right now to keep track of multi-year bets, which seem to be all the interesting ones that people want to take. Any tips?
You can play betting games where the bets resolve instantly because you can look up the answers, e.g. trading a contract with a friend worth the base-10 logarithm of the mass of the sun, in dollars. Basically competitive Fermi estimates. You can do this any time you want to look something up, right before looking it up.
Find some small area of your life where you can keep making bets with a friend. For example, if you go to the shops once a week with a partner, you can bet each week on whether a particular product will be sold out, or whether a certain product will have a reduced price. Two guys who live in my house play Smash Bros regularly, and they make bets about how games will go when e.g. a new friend plays with them.
What do you do regularly with friends that you could make bets about?