3 ms·
The economic problem is often phrased as „how to get more output with the same input, or how to get the same output with less input“. Prediction markets do only
by nkmnz 5y ago
The economic problem is often phrased as „how to get more output with the same input, or how to get the same output with less input“. Prediction markets do only exist because they help with the problem - betting on the wrong horse is a waste of scarce resources. In the same way, matching markets have centralized decision makers that can be more efficient than decentralized approaches.