[FoRK] Agreeing to agree

Udhay Shankar N <udhay at pobox.com> on Wed Aug 22 08:38:31 PDT 2007

Robert Harley wrote: [ on 08:39 PM 8/22/2007 ]

> >* 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...

Who are these "rational people" you speak of?

Udhay

-- 
((Udhay Shankar N)) ((udhay @ pobox.com)) ((www.digeratus.com))


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