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To: Politicalities
Tradesports, just as every brokered mkt, is negative-sum; by defintion, some capital is removed from the game upon settlement of every position (commission, fee, call it what you will).

I don't object to their charging a trading fee, of course. I do object to the clear and obvious game theory mischaracterisation you offered.

12 posted on 10/02/2005 11:25:53 PM PDT by SAJ
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To: SAJ
I don't object to their charging a trading fee, of course. I do object to the clear and obvious game theory mischaracterisation you offered.

Yes yes, it's zero sum less the house rake. I thought that was obvious enough to go without saying; apparently I was mistaken.

14 posted on 10/03/2005 12:00:59 AM PDT by Politicalities (http://www.politicalities.com)
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