Sublime
An inspiration engine for ideas
Azuro — the solutionHere’s comes Azuro — a decentralized betting protocol with DAO governance, to become the base infrastructure of betting dApps in the future. Azuro’s solution revolves around two important new pillars — importing odds & results via oracles, and utilizing 1 main liquidity pool, from where liquidity is allocated to different ev... See more
Azuro • An intro to Azuro: A global decentralized betting protocol
Fun graphic on $META from the Rowan Street annual letter (a hedge fund that printed a 102.6% net return in 2023): Shows how non-linear the path to good returns can be and how conviction pays off. https://t.co/jWQGVSc7LS... See more
Michael Dempseyx.comFortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
amazon.com
The Kelly-Thorp method requires no joint distribution or utility function. In practice, one needs the ratio of expected profit to worst-case return—dynamically adjusted (that is, one gamble at a time) to avoid ruin. That’s all.
Edward O. Thorp • A Man for All Markets
Interpreting Prediction Market Prices as Probabilities
The document discusses prediction market prices as reflections of average beliefs under different utility functions. Field data supports that these prices generally correspond with mean beliefs.
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