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Overcoming Bias Commenter's avatar

Robin, Good, we're in agreement. It's true that my book did not explicitly discuss the cash-out rule in its brief summary of the deliberative prediction market. As the original article explains, that rule can also do the info revelation work, though it may have other flaws relative to the approach I did describe.

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Robin Hanson's avatar

Michael, I was saying the cash out rule can apply to all market structures, and that it is the cash out rule that is doing the work, not the market structure, contrary to your claim in the book, which is that one market structure does better than another.

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