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5min chapter
How can we harness the wisdom of the crowd?
Simplifying Complexity
Introduction to Prediction Markets
Exploring the concept of prediction markets as financial markets for trading special contracts with a simple payoff structure, using the example of predicting the next US president. Discussing how peer-to-peer markets for contracts work and the interpretation of contract prices as probabilities.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode