The paper investigates the relationship between liquidity and market efficiency in prediction markets, revealing that increased liquidity may not enhance pricing accuracy and can even worsen it due to naive trading behavior.
Founding a hedge fund- A story. Part 1
In 2003 my 17 year career at Salomon reached its peak. For most of those 17 years I had been planning on starting a hedge fund and putting in practice my learnings as a proprietary traders in the place where it makes the most impact