The children are doomed
The children are doomed
4 yrs ago today, a family member managed a truly spectacular own goal, splintered his domestic bliss, & in the process, united the world for a day.
On popular request, I shall now recreate the livetweet thread from that day
So gather around children, for this is the tale of The Rice Truck Saga
Would such a bet pay out with a negative probability? π
Jokes aside, thereβs an active market for freight space traded by commodity firms. Surely a bet could be constructed through trading O&G/commodity securities as firms experience higher inventory carry costs (due to increased storage demand)
Bringing you the latest in βpreferences over attributes arenβt always convexβ¦β
Who usually selects into the market for political betting? Could totally be wrong, but Iβd be surprised if that selection is an unbiased sample of the larger population. Perhaps those betting have already priced a cut into their expectations?
Ok Mr. Bellman, do you have a convex set though π
Iβm having a much better time on here than I did on Twitter (or βXβ). The differences are very noticeable! I hope more of Econ Twitter moves hereβ¦