\begin{table}[htbp] \centering \begin{threeparttable} \caption{Arrow--Debreu Market Completeness Tests} \label{tab:completeness} \begin{tabular}{l S} \toprule Statistic & {Value} \\ \midrule Mean state price sum & 1.0205 \\ Std of state price sum & 0.0527 \\ Mean deviation from unity & 0.0248 \\ Max absolute deviation & 0.5700 \\ All state prices positive & {Yes} \\ Implied discount factor & 1.0205 \\ Number of observations & 146 \\ \bottomrule \end{tabular} \begin{tablenotes} \small \item \textit{Notes:} This table reports results from testing Arrow--Debreu market completeness conditions using the Fed rate decision markets on Polymarket. Under complete markets, the sum of state prices equals $1/(1+r_f)$. Mean deviation measures the average departure from this theoretical prediction. \end{tablenotes} \end{threeparttable} \end{table}