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0 pointsBurningFrog10d ago0 comments

One major utility of prediction markets is to get good estimates of probabilities of future events.

0 comments

That's an interesting idea, though of course while we've done that with crop or livestock futures, we seem to have coped pretty well without betting on absolutely everything until now.

BurningFrogOP10d ago

We usually cope well before inventions improve things.

I don't know if prediction markets will be an important improvement, but it might be, so we should let them run.

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0 pointsBurningFrog10d ago0 comments

One major utility of prediction markets is to get good estimates of probabilities of future events.

0 comments

blacksmith_tb10d ago

That's an interesting idea, though of course while we've done that with crop or livestock futures, we seem to have coped pretty well without betting on absolutely everything until now.

BurningFrogOP10d ago

We usually cope well before inventions improve things.

I don't know if prediction markets will be an important improvement, but it might be, so we should let them run.

j / k navigate · click thread line to collapse