One thought on “David Pennock wants you to believe that InTrade needs Robin Hansons automated market maker.”
That’s sort of true. I suggest that if *prediction* is the goal, market makers are valuable. Market makers are also risky, so if profit if the goal there is a fundamental tradeoff: liquidity versus risk.
That’s sort of true. I suggest that if *prediction* is the goal, market makers are valuable. Market makers are also risky, so if profit if the goal there is a fundamental tradeoff: liquidity versus risk.