Could Emile Servan-Schreiber push his Bet2Give concept a bit further?
I’-m thinking of something, having in mind the LongBets experiment. Bet2Give lets traders select the charity of their choice. Good. But can’-t we go further than that? Why not letting some people (like Robin Hanson and his gullible fanboys like Chris Hibbert ) create some long-term, socially valuable prediction markets, all this funded by foundations or think tanks’- money (since the money will never leave the non-for-profit world, anyway). I mean, if AEI-Brookings funded the experiment, the subsidized traders could designate AEI-Brookings as the recipient of the trading winnings, right? So, the AEI-Brookings money would indeed be used for the trading, but, in the end, it would cost AEI-Brookings only some trading fees (5 cents for each dollar).
And, I’-d like to see more interactions between blogs and prediction markets. In the scenario above, there would be a strong incentive to do just that from the part of all those crazy blogging experimental economists, don’-t you think? Those hyper inflated egos will fire blog posts like crazy about their ongoing experiments at Bet2Give, and that would help the marketing of those experimental prediction markets.
Bet2Give is a too good idea to bet let it in the hands of Emile Servan-Schreiber. Does EJSS have what it takes to push the Bet2Give concept further? (EJSS is much smarter than most people in the field of prediction markets, but that’-s not enough. He is not crazy enough.) I suggest that Bet2Give be declared of international social utility and be run by the Organization of the United Nations.
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