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Eugine_Nier comments on [LINK] Bets do not (necessarily) reveal beliefs - Less Wrong Discussion

12 Post author: Cyan 27 May 2013 08:13PM

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Comment author: Eugine_Nier 01 June 2013 03:23:17AM 0 points [-]

Is there a fundamental difference between 1) a casino's "really high" probability of earning a profit (on bets before expenses), 2) real-world true arbitrage, and 3) positive expected return in the large?

Arbitrage is a radial category.

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