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Ricardo Hausmann & J. Doyne Farmer on Evolving Technologies & Market Ecologies (EPE 03)

COMPLEXITY

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Is There a Future for Prediction Markets?

In the last few years, i've seen a lot more conversation around prediction markets and the consideration of these things. I think you may be getting out of the things that i'm truly consider myself an expert an, but just a few thoughts. There's a question of using knowledge to understand how the policy lovers can be used effectively. It's certainly democracy, as we're seeing these days, is not functioning that well in many parts of the world. And so there are very strong complementalities between possibilities in the market and things the government could be doing halfheartedly.

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