he puts 2.72 on the table, and you put 13.28 on the table.
I’m confused...if the prediction does not come true (which you estimated as being 33 percent likely) you only gain $2.72? and if the most probable outcome does come true you lose 13.28?
Yep, I put the numbers in backwards (because of the sign mistake I made originally.) I fixed it now. Thanks for the correction.
I’m confused...if the prediction does not come true (which you estimated as being 33 percent likely) you only gain $2.72? and if the most probable outcome does come true you lose 13.28?
Yep, I put the numbers in backwards (because of the sign mistake I made originally.) I fixed it now. Thanks for the correction.