Sep 29, 2016
8:31:07am
8:31:07am
It might be imprecise, but it's the best indicator of expectations that is
available.
Gambling markets are efficient because gamblers (collectively) use all of the available information in deciding where to put their money. I think that gambling spreads are a great way to understand expectations because there's a cost to being wrong.
Gambling markets are efficient because gamblers (collectively) use all of the available information in deciding where to put their money. I think that gambling spreads are a great way to understand expectations because there's a cost to being wrong.
Originally posted on Sep 29, 2016 at 8:31:07am
Message modified by Random Walk on Sep 29, 2016 at 8:32:39am
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