In my 1999 article “Decision Markets” (IEEE Intelligent Systems 14(3):16-19, May/June), I explained how decision-conditional market estimates could be used to advise decisions, a concept I soon called “
Money spent deliberately trying to shift the price (aka "free money") is good for market accuracy. It doesn't actually work to shift the price, because people like to have free money for themselves.
I still suggest you rename your idea, but otherwise, smart :)
How about the original title "decision markets"?
Better
This has two advantages: the system is a market for decisions, kind of, and it is not ‘rule by the future’, which is a causal nullity.
One might say it’s more of a market for predictions than decisions however. And indeed…
It doesn't look like you link to the quoted August 14th post, which is at https://dynomight.net/futarchy-market/
oops, fixed; thanks
Maybe this is too off topic but how do you avoid people using futarchy as a money weighted vote?
Money spent deliberately trying to shift the price (aka "free money") is good for market accuracy. It doesn't actually work to shift the price, because people like to have free money for themselves.