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Imagine A World: What if new governance mechanisms helped us coordinate?

Future of Life Institute Podcast

CHAPTER

Prediction Markets and their Limitations

This chapter explores the concept of prediction markets as a form of betting system where people can bet on the likelihood of certain outcomes. It discusses how prediction markets reflect the common knowledge of a large group of people about the future. The chapter also delves into the limitations of prediction markets in capturing the wisdom of the crowd in areas such as economic policy.

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