gbear605
Joined 10 years ago
Joined 10 years ago
Video generation would only make sense at that scale if it was targeting individual consumers, but then it’d need to cost something that consumers are willing to pay - which practically is probably a few hundred per year at most among US consumers, and much less globally, so again it doesn’t solve for the size of the AI companies.
I don’t see a way that video generation becomes a big industry without making generation much much cheaper.
You have to go back to the 30s and earlier before you get furniture that will stand up like that, and making that furniture new today would cost more than almost anyone could afford.
It's true that this isn't as true for NO, because a small change can give a huge return, but that's asymmetrical. So there's incentive for traders to buy NO, hoping that it moves down, but not an incentive for traders to buy YES, since it doesn't have any room to go up.
In addition, there can be issues related to fees, Kelly betting (if the correct bet is 98%, don't want to bet all the way to 98% or you have no returns and you definitely don't want to put all of your wallet in on it in case it goes against you), and so on.
So this isn't a "3% chance of the elections happening" it's "3%, plus or minus the rate of return over three months, plus or minus all the other related issues". I don't know if that gets you down to zero percent, but it definitely gets you closer.
(Yes Polymarket has tried to do some things to resolve these issue, no they don't work very well.)
Maybe I’m just bad at measuring, but it’s a lot more than 5%.
Personally I default to the latter because that’s how my idiosyncratic anxiety feels comfortable, even when I’ve lived somewhere where I would be able to hear people coming a mile off. But I know people who default to the first option even in a place where some of their neighbors default to the latter. A lot of it comes down to personal preference rather than environment, I suspect.