Systems of governance built on prediction markets (with Robin Hanson)
Clearer Thinking with Spencer Greenberg
Navigating Social Innovation and Governance
This chapter explores the challenges of social innovation in comparison to technical advancements, introducing the concept of 'futarchy' as a potential solution for improving institutional decision-making. It delves into the mechanics and implications of using prediction markets for corporate governance, particularly in evaluating CEO performance and insider trading. Furthermore, the chapter discusses the broader applications of prediction markets in various decision-making scenarios, including project management and governmental policy, emphasizing their potential to enhance the effectiveness of decision processes.
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