I have yet to see anyone in the EA/rat world make a bet for sums that matter, so I really don’t take these bets very seriously. They also aren’t a great way to uncover people’s true probabilities because if you are betting for money that matters you are obviously incentivized to try to negotiate what you think are the worst possible odds for the person on the other side that they might be dumb enough to accept.
I have yet to see anyone in the EA/rat world make a bet for sums that matter, so I really don’t take these bets very seriously. They also aren’t a great way to uncover people’s true probabilities because if you are betting for money that matters you are obviously incentivized to try to negotiate what you think are the worst possible odds for the person on the other side that they might be dumb enough to accept.
kind of fair. I’m pretty sure I’ve seen $1000s