Failure

My wife is a bit of a golf nut so for the past four days we have been watching the British Open – in particular we have been following the progress of the Australian golfer Adam Scott. Who after three days seemed to have put a comfortable buffer between himself and everybody else. On the…

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Prediction Markets

Came across this interesting little paper. The title can be a little confusing since the term prediction market is simply used to convey a market that generates odds. When they say prediction market think bookmaker. The gist of the paper is that such markets have been used for centuries for a variety of events but…

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