Casinos have an assymetry: creation of new casinos is heavily regulated, so there’s no way for people with good information to bet on their beliefs, and no mechanism for the true odds to be reached as the market price for a wager.
Normally I wouldn’t comment on a typo, but I can’t read “assymetry” without chuckling.
Casinos have an assymetry: creation of new casinos is heavily regulated, so there’s no way for people with good information to bet on their beliefs, and no mechanism for the true odds to be reached as the market price for a wager.
Normally I wouldn’t comment on a typo, but I can’t read “assymetry” without chuckling.