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by drdeca
3872 days ago
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Well, that would depend on the size of that population, would it not? A single middle-class person working to make as contrary to prediction market choices as possible would, I think, have a not significant influence Even if they optimized for the size of the influence as well as the strangeness. I don't expect the total population of people doing that to have a significant impact on the market. There isn't much reason to do it, and it probably costs money over time, leading the people who do that to have less money over time,and so for their doing that to have less and less of an impact over time. |
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Not all people act according to or within the rules of a market.
Not all human behavior can be scoped to a form of market activity.
What would the bald destruction of a market, or set of markets, represent to the context of such narrow minded economics?