Who needs Robin Hanson’s Policy Analysis Market when we have plain, classic, old-fashioned, market-free intelligence reports leaked to the mass media by the Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism?

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Any prediction market on the likelihood of terrorist acts perpetrated on US cities would simply aggregate this kind of information, which terrorism experts and journalists are already aware of (since they can read). –> Low social utility.

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PS: I see that that “Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism” is chaired by former US Senator Bob Graham (D-Fla.), who is the Democrat that I respect the most.

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External Link: Robin Hanson’s PAM

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