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3min chapter
Robin Hanson: How Global Elites Manufactured Stagnation and How We Escape
From the New World
How Can You Get People to Help You?
The value of information is that it helps us make decisions. And so the questionis, how can you get people to help? Now wekow one mechanism is they pay them a fixed salary and say, your job is to help us. But i think prediction markets are a particular way to answer questions that is especially effective and robust. One constraint is you will need to know the answers eventually, and then the market will tell you the answer before eventually. So you're going to use the eventual to pay off the bets in order to create incentives for people to bet accurately on what they will learn later.
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