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Matt Runchey's avatar

Just to point out an interesting anomaly of prediction markets, "yes" votes being a 3 cents for Jesus does not equate to people thinking Jesus has a 3% chance of coming back to life. It is mostly due to the time value of money. https://protos.com/why-polymarket-users-are-betting-that-jesus-christ-will-return/

“The Yes traders are betting that the time value of Polymarket cash will go up unexpectedly: that other traders will be short on cash to place bets with, and will at some point be willing to pay a premium to free up the cash that they spent betting against Jesus.”

So uh, just throwing a bit of cold water on these types of polymarket questions, because they all contain this factor of time. Also, it's an incredibly thin market.

In order to have comparable prediction markets, you'd also need one about 6 degrees of warming by 2100. I'm guessing nobody wants to tie their money up for quite that long :o

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Philip's avatar

You may want to note that the 2.7 degree estimate is relative to the pre-industrial baseline (1850-1900). There has already been 1.1-1.2 degrees of warming since then, so the predicted warming relative to now is 1.5-1.6 degrees.

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