khafra comments on A call for solutions and a tease of mine - Less Wrong

-3 Post author: HonoreDB 19 January 2012 02:40PM

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Comment author: khafra 17 January 2012 06:03:22PM 0 points [-]

Robin Hanson has said that prediction markets have historically been extremely resilient against manipulation attempts. Historical markets are mostly those where the "bettors on beliefs" do not have a personal stake in the success of "technique A," like a group member would--so it seems like this futarchist method is overall better than historical group decision-making methods, even if there are some perverse incentive problems.