In a market of bettors that draw the line of how much risk to take at different points, the early game will be dominated by the most risk-taking folks and as the game grows older, the line that was chosen by the current winners moves. Perhaps your intuition is merely the product of evolution playing this game for as long as it took for the line to reach its current point?
In a market of bettors that draw the line of how much risk to take at different points, the early game will be dominated by the most risk-taking folks and as the game grows older, the line that was chosen by the current winners moves. Perhaps your intuition is merely the product of evolution playing this game for as long as it took for the line to reach its current point?