tag:blogger.com,1999:blog-3722233.post110763969653222167..comments2024-03-28T18:17:00.135-05:00Comments on Computational Complexity: Information Markets and Quantum ComputingLance Fortnowhttp://www.blogger.com/profile/06752030912874378610noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3722233.post-1107844625883019982005-02-08T00:37:00.000-06:002005-02-08T00:37:00.000-06:00I'd agree that people having different beliefs (or...I'd agree that people having different beliefs (or hopes) would, and does lead to inconsistencies. For example the ongoing odds for a major sporting event are often quite different in different parts of the world. (Of course the difference is smaller than the ~8.5% commission)<br /><br />Thus either the classical assumption "The market acts on all the information available to it" (going back to Bachelier, 1900, if not earlier) is invalid or the world is still not as small as we like to believe. Or both.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3722233.post-1107791415139260282005-02-07T09:50:00.000-06:002005-02-07T09:50:00.000-06:00So, did the information markets predict the Super ...So, did the information markets predict the Super Bowl winner correctly?<br /><br />(It seems the more popular betting events can create speculative bubbles, where people root for their team rather than actually providing real information. Is this a major problem in information markets?)Macneil Shonlehttps://www.blogger.com/profile/16382866616548432101noreply@blogger.com