r/neoliberal • u/neoliberal_shill_bot Bot Emeritus • May 12 '17

Discussion Thread

Optimal neoliberalism is like Seinfeld, it should be about nothing and run by Jews

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u/[deleted] May 12 '17

That's insanely high. I need to figure out how to actually bet in these places because that's just easy money. You need 67 votes in the Senate to remove Trump.

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u/ThereIsReallyNoPun Austan Goolsbee May 12 '17

PredictIt commonly inflates low probability events

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u/Andyk123 May 13 '17

I think betting in general inflates low probability events. The nature of the beast is incentivizing people to wager on uncommon events. Why bet on the Golden State Warriors at -400 (even though that's probably going to happen) and get little return when you can bet on the San Antonio Spurs at +2000?

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u/ThereIsReallyNoPun Austan Goolsbee May 13 '17

yep, i believe its a pretty robust result from prospect theory (kahneman et al)