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ChristianKl comments on Open thread, June 27 - July 3, 2016 - Less Wrong Discussion

3 Post author: Clarity 27 June 2016 01:46AM

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Comment author: Lumifer 06 July 2016 02:47:52PM 1 point [-]

Prediction markets reflects the opinion of those who enter in the market. AFAIK there's no barrier to the lower income strata of the popoluation.

The thing is, the markets reflect committed-capital-weighted opinions of market participants. This is not an egalitarian democracy.

Comment author: ChristianKl 09 July 2016 08:32:37AM 0 points [-]

Given that market participants insure against risks with the prediction market and the event of the Brexit does carry risk to some businesses I'm not sure that's empircally the case.

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