|
|
|
|
|
|
by chii
1589 days ago
|
|
|
that assumes that the competency of all the participants are relatively similar, and thus, the trades on average net out zero profit for everyone. That's not what i would observe empirically - like intelligence or athletic distributions, the distribution of competency in this arena is probably like a long tail, with a few people making the most profits and a lot of people losing out. |
|
|