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Psy-Kosh comments on The Cambist and Lord Iron: A Fairy Tale of Economics - Less Wrong
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Finally got around to reading it. Very good find. :)
There're some subtle bits that're missed, like the games that can be played with arbitrage when there isn't a collectively agreed upon valuation, but overall, very nice.
(I am confused about what the second gunshot was, however.)
Or Lord Iron firing two shots, and making sure.
The three judges were split 2-1. My guess is that the judge who disagreed with the king shared Lord Eichan's fate.
Either somebody shooting the third arbiter or the loser making fuss, I suppose.