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end_in_sight marked one of InfernalMachine's replies in Hubdub as useful. InfernalMachine replied to the problem "What is the "value" of a prediction?".
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end_in_sight started following the problem "What is the "value" of a prediction?" in Hubdub.
end_in_sight replied on February 22, 2008 02:09 to the problem "What is the "value" of a prediction?" in Hubdub:
I think the whole system should be scrapped. There's another problem with it. The time when you put in a wager matters.
For example if the total activity is low, say $3000 then putting in a wager of $1000 will make the price jump up a lot and won't yield a good price. But putting in the same wager once there are more bets on the table will not have the same effect. So people who jump in early are punished.
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