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nah, i believe preptime is just the second level of schrodinger's utility belt. where in if batman had the slightest chance of packing somthing in his belt, and needs it, then the odds of him packing it are 100 percent. so before needing it batmans utility belt in in a cosmic shift between the various possible things that could be inside it.
batman's preptime works similarly, in that if there is a possible way for batman to have prepared to take advantage of an opponents weakness or even strength then he has therefore planned for it. i believe this form of preptime can be traced back to adam west's protrale of the dark night such as the quote "anti shark repellent spray" incident