7 ms·
It’s possible I’m being a jerk, but actually maybe betting services could do a social good: allowing people who believe things despite all reason to incur some
by bee_rider 1y ago
It’s possible I’m being a jerk, but actually maybe betting services could do a social good: allowing people who believe things despite all reason to incur some small cost to themselves and hopefully course-correct?
We can even both-sides this; Hillary fans and people who believe Jesus will come back soon are usually on opposing sides, right?
- JohnMakin 1y agoThe people who were “Yes” hillary stans were very much not hillary fans. very much the opposite. much of it seemed fueled by far right wing conspiracy theories
- ubersketch 1y agoPrediction markets were initially proposed to provide a social good, the idea being that the ratio of the current price of a share in a prediction market to the value of that share if the market resolves to "yes" is how likely the market thinks the market is to resolve "yes" as a probability. The social good is that you could use this to predict the future.