A few months ago, when I was verifying the authenticity of information, I almost instinctively opened prediction markets @Polymarket @opinionlabsxyz
Whether an event will happen, if a project will be launched on schedule, or if a policy will be implemented—I use odds to test these "collective judgments."
The results were surprisingly accurate. This led me to reconsider a question:
Why, in this era of extreme information overload, are prediction market odds actually closer to the truth?
The answer is not mysterious—it's economics and human nature logic.
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A few months ago, when I was verifying the authenticity of information, I almost instinctively opened prediction markets @Polymarket @opinionlabsxyz
Whether an event will happen, if a project will be launched on schedule, or if a policy will be implemented—I use odds to test these "collective judgments."
The results were surprisingly accurate. This led me to reconsider a question:
Why, in this era of extreme information overload, are prediction market odds actually closer to the truth?
The answer is not mysterious—it's economics and human nature logic.