2min chapter

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Glen Weyl, Kate Sills, Paul Gebheim | Gaming the Future Chapter 5: IMPROVE COOPERATION | Info, Money, New Rights to Do Things

The Foresight Institute Podcast

CHAPTER

Prediction Markets Are a Worst Tool

We need to consider the incentive scheme that a mechanism creates for that broader non linear conversation outside of it, and not just for the topic exactly at hand. And when the decentralized process is also resolving the market, you start to find that there's very few questions that you can actually resolve in a meaning way. By the time you've taken all of the kind of, or all of the nuance and risk off of the question, it's no longer particularly interesting.

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