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Glen Weyl & Cris Moore on Plurality, Governance, and Decentralized Society (EPE 05)

COMPLEXITY

NOTE

Prediction Markets Are Built on the Principle of Adverserial Engagement

Prediction markets may not be the solution many think, as they foster an adversarial relationship and encourage being right at the expense of others. While incentives and information are useful, betting against each other for a big payoff doesn't lead to good social outcomes.

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