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ManitobaForMe | 2 years ago
Maybe a prediction market-based approach can weigh the beliefs of people about the event, but that doesn't mean it's a real probability.
Probability theory has given people the mistaken belief that everything is like a card or dice game. It isn't.
Vecr|2 years ago
https://en.wikipedia.org/wiki/Von_Neumann%E2%80%93Morgenster...
https://en.wikipedia.org/wiki/Bayesian_inference
Maybe everything's not a card game, but you really don't want to find yourself in a situation that isn't.