5min chapter

The External Medicine Podcast cover image

Robin Hanson, PhD: Healthcare Signaling, the Conspicuous Caring Hypothesis, and Prediction Markets in Medicine

The External Medicine Podcast

CHAPTER

How to Use Prediction Markets to Make Faster, Cheaper Medical Decisions

CNN's John Sutter has written a lot about prediction markets. He says betting markets could be used to make faster, cheaper medical decisions. The idea is that people can bet on what they think the chances are of certain things happening in the future. "This is now a machine we can use to answer various questions," he says.

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