If you bet on future bets, there’s incentive to manipulate some bets.
Certainly—but as Robin Hanson points out, it’s precisely when people try to manipulate prices artificially that people are drawn into the markets to profit from those manipulators (and incidentally to prevent them).
If you bet on future bets, there’s incentive to manipulate some bets.
Certainly—but as Robin Hanson points out, it’s precisely when people try to manipulate prices artificially that people are drawn into the markets to profit from those manipulators (and incidentally to prevent them).