By some help from professor Robert Östling at SSE, I got to know about a policy suggestion closely related to my Policy Dollar suggestion. I am not sure if the idea originated with them, but the most famous proponents for this idea are Eric Posner and Glen Weyl, whom have written the book Radical Markets. …
During late spring and the summer some voices has been raising concern that the financial markets are not accurately reflecting the economy. While it has been clear that the global economy has taken a beating by the coronavirus, Swedish GDP plunged by 8.6 percent in Q2, the financial markets has been recovering well into the …
Now, we are going onto the second part of the mini-series on prediction markets. I am going to explore one of the usages of prediction markets in politics. Much of this is based on Robin Hanson’s thoughts on this topic. The idea is to create a political system that can resolve policy disputes, with the …
Today I am going to introduce the blog to the concept of prediction markets, and the superior knowledge of markets over expert guesses. This post will be part of a miniseries of posts in which I am going to introduce another way in which one could use policy dollars and prediction markets to improve politics. …
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