I met up with somebody last night at Gatwick airport. We talked for hours about many things related to the markets and in particular how to model behaviour and probabilites. In a world dominated by ‘experts’ it was a real pleasure to speak to somebody who actually was one! I sense the feeling was mutual.<\/p>\n
Anyhow, when it came to paying the restaurant bill we both offered to pay and, as you would expect, we then could have dutched the bill. But in true market style my counterpart made an offer I couldn’t refuse. We would toss a coin and let the ‘market’ decide. I called heads and won.<\/p>\n
I sense this is just the first of many discussions to come so I’m confident things will start to revert to mean over time. Anyhow, a relevant way to solve the who pays problem.<\/p>\n