4 ms·

> What are good examples of their “disbenefits”? Overwhelmingly unaddressed externalities.

• sterlind 3y ago
  Prediction markets seem blessedly free of externalities though, compared to, say, the energy market (CO2) or textiles (child labor, sweatshops.) except for incentivizing action to tilt the odds, which is weirdly amoral. if you bet on a bad thing happening, you can cash in by making it happen yourself.
  • Regnore 3y ago
    Feeding gambling addictions is the one big externality that comes to mind.
  • someplaceguy 3y ago
    > except for incentivizing action to tilt the odds, which is weirdly amoral. It depends on what's at stake. One example is predicting someone's death. > if you bet on a bad thing happening, you can cash in by making it happen yourself. Yes, and that could be a huge problem, don't you think? It creates an incentive for a bad thing happening that wouldn't exist otherwise. I say this as someone who is in huge favor of markets but also hates their externalities.