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58 sats \ 4 replies \ @denlillaapan OP 11 Jun \ parent \ on: The SpaceX Pricing Is Extraordinary (Money Stuff, Matt Levine) Stacker_Stocks econ

Hang on, isn't this the pro case for gambling markets?? Revealing knowledge etc

at best the prediction market would elicit insiders to reveal the price.
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28 sats \ 3 replies \ @Undisciplined 11 Jun

Yes, that's a useful function but it doesn't help SpaceX find the right price.

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6 sats \ 2 replies \ @denlillaapan OP 11 Jun

Why not?

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33 sats \ 1 reply \ @Undisciplined 11 Jun

I thought I already covered that. It's like how a Keynesian Beauty Contest doesn't necessarily elicit true perceptions of beauty.

Now, a market about what the price will be a bit further in the future might be useful because then the predictors will need to think about the equilibrium price.

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6 sats \ 0 replies \ @denlillaapan OP 11 Jun

So liiiiiquidity <3

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