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qznctoday at 12:58 PM1 replyview on HN

Cue prediction markets etc. There are mechanisms to aggregate this and have a wisdom of crowd effect.


Replies

close04today at 1:52 PM

I'm not very familiar with how they work. Don't prediction markets give the individual gambler a boolean choice and this results in a picture of the split over the population? There's no granular option for the individual to bet 40% vs. 60% for something happening, the vote with 100% confidence that Spain wins the World Cup, they don't give 85% chance of winning.