I don't understand how prediction markets actually predict the future if all it's doing is charting the emotional reaction to the most immediate stimuli.

Seems pretty fit for predicting irrational human behavior, esp on short timelines.

Seems esp unfit for predicting things outside human control.

I don't understand how prediction markets actually predict the future if all it's doing is charting the emotional reaction to the most immediate stimuli.

Seems pretty fit for predicting irrational human behavior, esp on short timelines.

Seems esp unfit for predicting things outside human control.

https://x.com/Polymarket/status/1820478604272189591?t=d9w95X_b-qnaopDV2vnEfg&s=19

Founder, designer, & product guy at /basepaint and /eigenlayer

I think it’s more akin to wisdom of the crowd. New information comes in so it fluctuates but still close to the “truth” or likelihood for something occurring