Solid article.
Defines terms in ways I agree with. Raised objections I hadn't thought of. Thought provoking.
On the object level the criticisms of bayesianism seem solid, but I am unsure if the replacement is good.
I think the title was a bit overdone but the content was solid. Worth a read/think for prediction market people. We are perhaps a bit overly optimistic on prediction markets (eg this is a play money one) so yeah.
I think Yglesias is right to have couched his praise for the market in question but that is easy to forget.
Having thought about this a bit, I think it's reasonable to say that there is some "adverse" "selection" going on as far as those english words are used, but I think it's not that similar to adverse selection in the economic sense. There, goods leave the market because sellers don't want to sell them, here they leave because they do. Is that correct?
I think maybe tonally it feels similar to adverse selection - a sort of "types of markets that you should feel suspicious of". If you go to a used car lot with no warranties, be suspicious. If you go to an empty restaurant at a busy time, be suspicious.
I'm unsure if it's helpful for this "market types to be suspicious of" is labelled as "adverse selection" which has a technical meaning, rather than coming up with a new phrase.
Your quantitative trading firm is holding its annual juggling tournament. Cost to enter is $18, winner takes all. You know you’re far better at juggling than most of your coworkers, so you sign up. As it turns out, only a few of your coworkers signed up, including Fortune, who used to be in the lucrative professional juggling world before leaving to pursue her lifelong passion of providing moderate liquidity to US Equities markets. You come in second place.
Isn't this basically a true story about Jane Street? I assume Ricki didn't want to break confidences but I am not so obligated, so I'll say, I'm pretty sure this happened! Though I can't remember what the skill involved was.
I've thought about and come back to this article several times and indeed it has encouraged me to understand both the original definition of adverse selection and Ricki's. To me, this is suggestive of a top quality piece.
I think your response would admit basically no evidence.
I think Paul Pelosi nearly dying and there being jokes and accusations of him being gay were to not take attacks seriously. I think Trump's comments about Rob Reiner were not to remotely take his death seriously.
I basically reject your argument on those terms.
Kirk's jokes about the Paul Pelosi hammer attack? Trump not remembering when those state senators were shot.
Veganism:
I though pretty strong, though doesn't deal with how hard and tiring veganism is. I feel I can do a lot more good if I'm not vegan, hence I offset.
I tried being vegan for 3 months and it was very tiring to me often one of the the main things I was doing that day.
https://www.farmkind.giving/
End of claude.
I'm not really interested in continuing to discuss with you if you are going to dismiss the Paul Pelosi attack out of hand. I just don't think we'll get anywhere. Merry Christmas!