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Economists have pushed for prediction markets. They're not what they'd hoped for

cnn.com
3 pointsJumpinJack_Cash1 comment
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Economists are naieve. It's funny how much irrational exuberance they show in their own beliefs, and yet still earn, and I definitely mean earn the dismal science sobriquet. Managing to simultaneously believe in rationality and equity across a disjoin in information alongside an amoral self interest motivation and acceptance of externalities.

"What could possibly go wrong"

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