2 ms·
If the publisher isn’t interacting with the prediction market, then it doesn’t, as jerkstate said, “have skin in the game” beyond the traditional revenue and re
by jonathankoren 8y ago
If the publisher isn’t interacting with the prediction market, then it doesn’t, as jerkstate said, “have skin in the game” beyond the traditional revenue and reputational metrics (eg Pulitzer Prizes).
Even if they were interacting with the market (even for just braggadocio reasons), then they’d just be matching the biases of those that self-select for participation in what is essentially a small value and meaningless game. I could easily see the equivalents of pump-and-dumps and other market manipulation just for political / tribal reasons.
- jerkstate 8y agoThese days, it seems like news media outlets suffer very little from publishing unsourced claims that turn out to be false. If media consumers would/could participate in these betting markets and put their money where their eyes and ears are, they would use more critical thinking when deciding what to believe and how strongly to believe it (or else they would be punished financially). If popularized, this would have a feedback effect to the media outlets and they might start using better journalistic practices.