Re:Futarchy: Robin Hanson on prediction markets
by PragmaticPulp on Wednesday September 15, 2021 @10:21AM
(#28539369)
Prediction markets are literally markets.
You can’t have a market if the price is secret.
The goal isn’t to have people place bets and see who is right later. The goal is to expose the predictions to market forces and make people put their money on the line, thereby (theoretically) improving the quality of predictions.
You can’t have a market if the price is secret.
The goal isn’t to have people place bets and see who is right later. The goal is to expose the predictions to market forces and make people put their money on the line, thereby (theoretically) improving the quality of predictions.