computation. (They probably could be made to work, but it would
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The original text on DIP from 1994.
While prediction markets are not slot machines, I do want to be clear about that, they share some of these basic mechanisms, specifically intermittent reinforcement. So if you are somebody who’s very serious about your prediction markets, you may not be betting because you believe in something. You may be betting just to bet, just to be involved, to be part of the action, because you can’t win if you don’t play. That’s thing one.