Predicting the Future: Insights from Neuroscience and Prediction Markets

This chapter examines the role of prediction markets in financial decision-making and their capacity to enhance forecasting accuracy by aligning incentives with information gathering. It also investigates cognitive biases affecting decision-makers, including professionals, and explores innovative academic methods to improve contributions from students. Additionally, the chapter delves into the distinctions between forecasting and foresight, touching on unique conditions like aphantasia and their implications for thinking about the future.