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    Similarly, whether the market is good or bad is partially
    determined by the market in the previous round. If the previous
    round's market was good, then there is a higher chance that
    this market will also be good. If the previous round's market
    was bad, then there is a higher chance that this market will also
    be bad. However, even if the last market was good, there is still
    a chance that the current market will be bad. Likewise, even if the
    last market was bad, there is still a chance that the current market
    will be good. We will next show you an example of a market where the
    participant made money.

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