Slight aside here, talking about people being “familiar with” things, I find that super subject matter experts can sometimes be very bad at predicting the thing they’re an expert in. That is because they overweight their own expertise."
The Hitchhikers’ Guide To Prediction Markets Litigation
he previously mentioned research finds that an investor with $100,000 in an equity mutual fund has the equivalent of a $2,500 bet on the election already.