[FoRK] Agreeing to agree

Robert Harley <robert.harley at gmail.com> on Wed Aug 22 08:09:58 PDT 2007

>* and various "no bet" theorems such as the classic by Milgrom &
*>* Stokey, [4] showing that rational people will not participate in
*>* betting markets, since the mere fact that someone is willing to
*>* take your bet is evidence that you are wrong.

Rational people never buy anything since the mere fact that someone is
willing to sell at a given price is evidence that the item is worth
less...

R

*

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