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Nick T
@nt
earnest question - if this is an inefficiency, why is nobody arbing?
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Elie
@elie
There’s what Nate (/ his model) believes and what the markets believe. It’s not an arb. If Nate is confident in his model he should be putting money on Kamala right now.
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Elie
@elie
Btw, 2016 election. Nate had Trump at around 29% to win. Markets had him at 18%. Everyone said Nate got that election so wrong. But if he was making bets he would have bet on Trump. (Also people don’t understand percentages. If you say something happens with 29% probability and it happens you’re not wrong 😂 but that’s bedsides the point)
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