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Overcoming Bias Commenter's avatar

But collective votes always matter; we don't know in advance which elections are likely to be close; and you suggest prediction markets as a way of informing voters, which leads to cascades.

In my above example, if voters collectively pay attention to the prediction markets, they will turn out President R even if he's doing a good job. In other words, prediction markets don't scale.

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Overcoming Bias Commenter's avatar

It's not strictly serious, but I still think I'll provide this link here:

http://www.smbc-comics.com/...

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