Okay that makes sense, but now I’m confused on exactly how the real prices relate to the predictions. I expect the details of that mechanism to be the crux of the issue; exactly how the price updating is done will determine who the winners and losers are relative to the desired outcome.
It still feels like solving that problem well would be tantamount to solving the unimproved value problem, but I’m perfectly happy to be wrong.
Okay that makes sense, but now I’m confused on exactly how the real prices relate to the predictions. I expect the details of that mechanism to be the crux of the issue; exactly how the price updating is done will determine who the winners and losers are relative to the desired outcome.
It still feels like solving that problem well would be tantamount to solving the unimproved value problem, but I’m perfectly happy to be wrong.
Well bidders bid for the property, so they’ll “update” the prices by making higher or lower bids. And the predictions just use those bids as data.