[LawrenceKerr]

True, with the lottery the information density is a lot higher. In market predictions with binary outcomes, you really only need 1 bit of "information transfer".

And about the economic argument: let's continue the thought experiment I suggested above. Imagine a universe where psi exists as a real phenomenon of anomalous information transfer & manipulation. Assume anyone has some level of psychic influence on everything else. Let's say this explains the phenomenon of "hey I was thinking of this person and now they're suddenly calling me" (instead of it being purely confirmation bias).

In such a universe, you wouldn't want to publish much about your psi-based hedge fund, lest your profits would come under attack from the psi-influence of the active disbelievers... No, you'd keep it under wraps and do your recruiting secretly and selectively. And any disclosure would need happen very slowly and in the right way.

The rabbit hole goes deep :-)