alt Hacker NewsThey are motivated to pick what they believe is most likely to happen. The develope their idea of what is most likely to happen for the news. The reporters use their bets to wrote stories predicting what will happen.
See the loop?
Replies
jonahx • yesterday at 3:25 AM
That's not how it works.
First, you have inside traders. Then, among legitimate bettors, you have smart people using multiple data sources (not just the "news") and doing sophisticated analysis that most journalists cannot do, and are not motivated to do -- again, because their incentives are different.
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eru • yesterday at 3:00 AM
No? Where's the loop?
Reporters have an entirely different incentive -- they're less interested in what will happen than whether or not they get eyeballs on their story.