Parimutuel betting = No Good? I guess that’s why betting on horses is so unpopular…, except, of course, billions of $$$ every year are bet on horses. [...]
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UPDATE: Mike…
Chris, you got that wrong. I was poking fun at your headline. I’m totally in agreement with Robin’s remark, which is carefully stated and backed by research.
http://hanson.gmu.edu/bluffing.pdf
I thought that my headline (Parimutuel betting = No Good) reflected what Robin Hanson thinks.
Chris, you got that wrong. I was poking fun at your headline.
I’m totally in agreement with Robin’s remark, which is carefully stated and backed by research.