In a prediction market where shares pay out if and only if a potential future event happens: (check all that apply)
The average price of all shares traded as a fraction of the payout is an estimate of the event's likelihood | Wrong |
A trader who is able to control or influence the outcome of the event will likely be able to make a profit | Correct |
The current price of shares as a fraction of the payout is an estimate of the event's likelihood | Correct |
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