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0 pointsscoofy10d ago0 comments

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Predicting real events is significantly random which makes it like gambling, but the ability to influence events makes it unlike gambling.

Just calling it gambling emphasizes the former problem while dismissing the latter problem.

any game with a positive expected value is also not gambling, it's mining

scoofyOP9d ago

Any system that is a zero-sum game with an effectively uncertain outcome is effectively gambling.

Investing at least positive sum in theory. Prediction markets are not.

j / k navigate · click thread line to collapse

Predicting real events is significantly random which makes it like gambling, but the ability to influence events makes it unlike gambling.

Just calling it gambling emphasizes the former problem while dismissing the latter problem.

any game with a positive expected value is also not gambling, it's mining

scoofyOP9d ago

Any system that is a zero-sum game with an effectively uncertain outcome is effectively gambling.

Investing at least positive sum in theory. Prediction markets are not.

j / k navigate · click thread line to collapse