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Thanks for pointing that out. I'll have to re-visit my assumption regarding bundled shares.
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Yes - you are right: https://chatgpt.com/share/6950836b-ca60-800e-8c48-16b9bb842be5
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Thanks for pointing that out. I'll have to re-visit my assumption regarding bundled shares.
Yes - you are right: https://chatgpt.com/share/6950836b-ca60-800e-8c48-16b9bb842be5
Oh wait, both ChatGPT and Gemini are telling me that the cost function for LMSR is path independent. So executing a bundled trade using multiple single-outcome trades only costs more because of transaction fees, not because of the probability paths. If that's the case, my calculator is fine, since it ignores fees right now anyway.