ChrisHibbert comments on Programmatic Prediction markets - Less Wrong

1 Post author: whpearson 25 April 2009 09:29AM

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Comment author: ChrisHibbert 26 April 2009 05:03:49PM 1 point [-]

Markets provide information, even if it isn't the explanatory information that you seem to be looking for. In the standard case, the information is about availability and cost of resources. You don't get the information behind the predictions about availability, but the predictions themselves have real value.

If you want to find a way to add value, it's important to understand what the existing value is so you don't break the underlying mechanism in your attempt to enhance it.

Comment author: whpearson 26 April 2009 09:38:57PM 0 points [-]

Perhaps you could expand upon this reply as a top level post, on how to use the information from markets in decision making.