Lumifer comments on Stupid Questions September 2015 - Less Wrong Discussion
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Can we use the stock market itself as a useful prediction market in any way? For example can we get useful information about how long Moore's law type growth in microprocessors will likely continue based on how much the market values certain companies? Or are there too many auxiliary factors, so that reverse engineering anything interesting from price information is hopeless?
Yes, of course, though it depends on what you consider "useful".