A much higher fraction of the benefits of prediction markets are public goods.
Most forms of insurance did took a good deal of time and effort before they were widely accepted. It’s unclear whether there’s a dramatic difference in the rate of adoption of prediction markets compared to insurance.
A much higher fraction of the benefits of prediction markets are public goods.
Most forms of insurance did took a good deal of time and effort before they were widely accepted. It’s unclear whether there’s a dramatic difference in the rate of adoption of prediction markets compared to insurance.