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David Pennock wants you to believe that InTrade needs Robin Hanson’s automated market maker.
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One Response to David Pennock wants you to believe that InTrade needs Robin Hanson’s automated market maker.
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That’s sort of true. I suggest that if *prediction* is the goal, market makers are valuable. Market makers are also risky, so if profit if the goal there is a fundamental tradeoff: liquidity versus risk.