HalFinney comments on Buy Now Or Forever Hold Your Peace - Less Wrong

21 Post author: Eliezer_Yudkowsky 04 February 2008 09:42PM

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Comment author: HalFinney 05 February 2008 02:05:08AM 0 points [-]

[Continued!]

no-trade theorems, which say (under idealized assumptions) that even if you could trade in a betting market, you wouldn't, because the fact that someone is willing to take your bet is prima facie evidence that his contrary information is as good as yours.