LMSR Implementation Notes, two
At the end of my previous post I mentioned some thoughts on dealing with more interesting initial states (\(q^0\)). We’ll define our initial state by choosing the amount of funds we’re willing to lose \(F\), and a set of initial prices \(0 < p_i(q^0) < 1\). Unless \(p_i(q^0) = \frac{1}{n}\) for all \(i\), we will […]