Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: prediction markets. Robin Hanson

Political prediction markets should “move beyond mere horse-race forecasts to demonstrate larger social value”.

I agree with that.
The key, now, is to go beyond the accuracy issue and to move on to the utility issue.
It’s a much complex problematic, which those who have been over-selling the prediction markets are unwilling to undertake. [*]
Maybe a small bunch of prediction market people, maybe assembled in a new prediction market structure, might [...]

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