Sure, but the whole point of prediction markets is to capture knowledge from individuals that wouldn’t otherwise be available.
If everyone just bets what the polls say, then why have the market at all?
The response could just as easily be “why are the polls wrong?”
Sure, but the whole point of prediction markets is to capture knowledge from individuals that wouldn’t otherwise be available.
If everyone just bets what the polls say, then why have the market at all?
The response could just as easily be “why are the polls wrong?”