Suppose the only people in the world are Hannibal the millionaire, a slave trader, and 10,000 penniless orphan slaves. The slave trader has no direct use for his slaves, but likes money; Hannibal, on the other hand, is a ravenous cannibal. According to Robin, the "optimal outcome" is for Hannibal to get all 10,000 orphans and eat them.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Wednesday, April 15, 2009
Cheap shot or not?
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economists
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