This is all good, but I think the greatest problem with prediction markets is low status and low accessibility. To be fair though, improved status and accessibility are mostly useful in that they bring in more “suckers”.
There is also a problem of motivation—the ideal of futarchy is appealing, but it’s not clear to me how we go from betting on football to impacting important decisions.
This is all good, but I think the greatest problem with prediction markets is low status and low accessibility. To be fair though, improved status and accessibility are mostly useful in that they bring in more “suckers”.
There is also a problem of motivation—the ideal of futarchy is appealing, but it’s not clear to me how we go from betting on football to impacting important decisions.