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Given the request about engaging with this specific article: >Ive thought hard about how to sell prediction markets to consumers. In 2020, I created Google’s c
by torben-friis 6mo ago
Given the request about engaging with this specific article:
>Ive thought hard about how to sell prediction markets to consumers. In 2020, I created Google’s current internal prediction market. Since then, I’ve served as the CTO of Metaculus, a non-market-based crowd-forecasting website, and now run FutureSearch, a startup that provides AI forecasters and researchers.
I feel like openly saying you professionally try to make people believe in markets reduced the impact of any further claim.
>Still, there is a benefit to speed. On March 11, 2026, the Financial Times reported that, upon news of Iran War escalation, the Polymarket odds of inflation at or above 2.8% rose to above 90%. This illustrated an immediate domestic impact to US foreign policy, which could influence the public in a way that updates months later from professional economists might not.
I don't understand the idea that this or similar predictions are of any value? "People strongly believe a war will worsen inflation" is information you could get anywhere and not necessarily based on any high quality decision making.
- idiotsecant 6mo agoIts based on high quantity decision making, and quantity is a sort of quality if you squint and turn your head
- dimbletimbers 6mo ago"Quantity has a quality all its own" —known economic genius, Joseph Stalin
- cwmoore 6mo ago“More is different.” - Nobel laureate Phillip W. Anderson https://www.tkm.kit.edu/downloads/TKM1_2011_more_is_different_PWA.pdf https://www.tkm.kit.edu/downloads/TKM1_2011_more_is_differen...
- idiotsecant 5mo agoI mean, someone can have a terribly bad ideology and still be right sometimes. In fact, that's almost always the case.