2 ms·
> I myself have had some "big bets" out on major sciences being wrong for a while now, and at least one of them has metaphorically paid off; What about a predi
by internaut 10y ago
> I myself have had some "big bets" out on major sciences being wrong for a while now, and at least one of them has metaphorically paid off;
What about a prediction market for science?
I think many insiders know some of the stuff is bunk but the public doesn't have the time or motivation to be able to make fine grained decisions about the validity of a particular line of research.
Prediction markets would make public policy decisions about investment in science more, ah, scientific perhaps.
My intuition is that 'good talkers' are getting funding over 'good walkers'. It is legitimately hard to generate informed trust and one wonders if it is even a worthwhile thing to make the attempt when advertising works so effectively. I would like to see the affects of applying a universal basic income just to scientists, because I think a reasonable chunk of the bullshiters would be filtered out.
- jerf 10y agoA prediction market needs to have very concrete events that can be unambiguously paid out. I don't think we have one for science. If we did have such a metric for "when a scientist was correct", we could just use it directly. It isn't that useful for a prediction market to only work on multi-decade bets, plus one would have to consider the second-order effect of giving the original consensus position an even bigger monetary stake in maintaining dominance.