There’s advantages to play money, such as that players don’t care as much about the time value of money (it’s also much easier to start and resolve markets, leading to many more markets)
easier to start and resolve markets, leading to many more markets
leads to lower signal-to-noise ratioand heeding time-value still leads to more (play) capital / pricing power
There’s advantages to play money, such as that players don’t care as much about the time value of money (it’s also much easier to start and resolve markets, leading to many more markets)
leads to lower signal-to-noise ratio
and heeding time-value still leads to more (play) capital / pricing power