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13min chapter
Systems of governance built on prediction markets (with Robin Hanson)
Clearer Thinking with Spencer Greenberg
Using an Auction Mechanism for Predicting Bills
The speakers discuss the use of an auction mechanism to decide which bills are up for prediction markets. They explore the advantages of this process, such as passing bills that improve national welfare and providing opportunities for participants to make money. The chapter also touches on the comparison between using the auction mechanism and having politicians propose bills.
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highlights
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