I think we agree on this—iterated closing is an interesting idea, but I’m not sure it solves a problem. It doesn’t help with ambiguity, since we can’t find bounds. And earlier payouts are nice, but by the time we can do partial payouts, they are either tiny, because of large ranges, or they are not much before closing. (They also create nasty problems with incentive compatibility, which I’m unsure can be worked out cleanly.)
I think we agree on this—iterated closing is an interesting idea, but I’m not sure it solves a problem. It doesn’t help with ambiguity, since we can’t find bounds. And earlier payouts are nice, but by the time we can do partial payouts, they are either tiny, because of large ranges, or they are not much before closing. (They also create nasty problems with incentive compatibility, which I’m unsure can be worked out cleanly.)