Perplexed comments on Taking Ideas Seriously - Less Wrong

51 Post author: Will_Newsome 13 August 2010 04:50PM

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Comment author: Perplexed 28 August 2010 03:01:21PM 1 point [-]

What is a time limit? Do actual bets on this sort of thing in Britain stipulate a time limit? As a Yank, I have no idea how betting 'markets' like this like this actually work.

Comment author: gwern 28 August 2010 05:58:40PM *  0 points [-]

Prediction markets/betting markets like Intrade or Betfair pretty universally set time limits on their bets. (Browse through Intrade sometime.) This does sometimes require changing the bet/prediction though - from 'the Higgs boson will be found' to 'the Higgs boson will be found by 2020'. Not that this is a bad thing, mind you.