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The Importance of Prediction Markets
I think it's interesting to compare them to regular financial markets like with the stock market because you know there's this whole idea of the efficient market hypothesis when it comes to the stock market. I think people want to carry that analogy over to prediction markets and say well it's the same sort of thinglike people are just betting on probability of events. My suspicion is what's going on is that often these are really like charged political topics and if there's any topic that makes people go you know not think rationally it's politics, he says.