Episode 275: Economics Is About A Lot More Than Money
Words & Numbers
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What Are the Big Takeaways From Winning Markets?
In wagering markets, prices are staggeringly efficient and so close to what the true outcome ends up being. Waging markets are beautiful for testing things like that. They're like an asset that has a defined value at a known time and people act accordingly. It's a great testament to the strength of the markets.
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