My intuition is that if market participants go too many levels deep in terms of mind games that you’re exactly correct. It just kinda ends up in the right place when you average it all out, maybe there’s a slight risk premium but that’s usually it
My intuition is that if market participants go too many levels deep in terms of mind games that you’re exactly correct. It just kinda ends up in the right place when you average it all out, maybe there’s a slight risk premium but that’s usually it