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How prediction markets create harmful outcomes: a case study

bobjacobs.substack.com How prediction markets create harmful outcomes: a case study

What sport scandals can teach us about legalizing prediction markets

How prediction markets create harmful outcomes: a case study
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  • Conversely, people who may not look or sound like a traditional expert, but are good at making predictions

    The weird rationalist assumption that being good at predictions is a standalone skill that some people are just gifted with (see also the emphasis on superpredictors being a thing in itself that's just clamoring to come out of the woodwork but for the lack of sufficient monetary incentive) tends to come off a lot like if an important part of the prediction market project was for rationalists to isolate the muad'dib gene.

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