Pay information ransoms to people who intentionally create uncertainty in the first place, which is a perverse incentive.
This is an interesting point I have never seen mentioned before. Not just in the sense of “insider trading”, but generally people would be incentivized to spread all kinds of fake news.
Prediction market is a zero-sum game between the traders, so any misinformation of public is a potential money in my pocket, if they vote incorrectly based on the misinformation.
This is an interesting point I have never seen mentioned before.
That’s why you gotta join the world’s most elite discussion forum for game theory and economics, the eliezerfic discord.
However, spreading fake news or tricking people isn’t really the point he’s making. You could be creating genuine uncertainty and it’s in the market operator’s interest not to pay out for that either.
This is an interesting point I have never seen mentioned before. Not just in the sense of “insider trading”, but generally people would be incentivized to spread all kinds of fake news.
Prediction market is a zero-sum game between the traders, so any misinformation of public is a potential money in my pocket, if they vote incorrectly based on the misinformation.
That’s why you gotta join the world’s most elite discussion forum for game theory and economics, the eliezerfic discord.
However, spreading fake news or tricking people isn’t really the point he’s making. You could be creating genuine uncertainty and it’s in the market operator’s interest not to pay out for that either.