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Lately, I’ve been using AI every day to calculate EDGE’s fully diluted valuation, and it’s actually a pretty interesting job. But there’s one thing that’s both funny and frustrating—clearly the numbers I get from on-chain data and various metrics are quite reasonable, but in the end, there’s always this line: “Since the prediction on Polymarket is XX, we need to apply a discount,” and then the valuation gets inexplicably adjusted downward.
Honestly, isn’t this just a classic case of the anchoring effect at work? The initial number always unconsciously influences later judgments, even when you have a much more solid analytical framework in hand.