IN WHICH Ross Rheingans-Yoo, a sometimes-poet and erstwhile student of Computer Science and Math, oc­cas­ion­al­ly writes on things of int­erest.

# Reading Feed (last update: July 9)

A collection of things that I was happy I read. Views expressed by linked authors are chosen because I think they're interesting, not because I think they're correct, unless indicated otherwise.

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Blog: Marginal Revolution | China green energy projection of the day — "China’s energy companies will make up nearly half of the new coal generation expected to go online in the next decade... Keep this all in mind the next time you hear someone tout China as the new leader of the global green energy movement."

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Blog: Marginal Revolution | Cheer you up true story from Maine — "But in Maine, servers actively campaigned to overturn the results of a November referendum raising servers’ hourly wages from $3.75 in 2016 to$12 by 2024, saying it would cause customers to tip less and actually reduce their take-home

# PredictIt Arbitrage

note: Significantly after I posted this, PredictIt changed their policies on margin requirements in "linked markets", a small step towards market efficiency. Nevertheless, they left in place their 5% tax on withdrawals and 10% tax on gross profits, so the central argument that inefficiencies can stop even the most commonsense arbitrages from correcting out-of-line markets, remains largely true.

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Political betting site PredictIt offers everyone the ability to (legally) bet (real money) on the outcome of political events. For example:

You can pay 39¢ for a Yes share in BUSH.RNOM16, which will be worth $1 if Jeb Bush wins the Republican nomination, and$0 if he does not. Similarly, you can pay 63¢ for a No share in BUSH.RNOM16, which will be worth $0 if he wins and$1 otherwise. (Another way to think about this is that you can sell a Yes share for 37&