Under the right circumstances, prediction markets can work surprisingly well even when no money is involved and even when not all the participants are expert. Of course, there needs to be some expertise/information in the group. Random picks aren't going to converge on the right answer.
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Under the right circumstances, prediction markets can work surprisingly well even when no money is involved and even when not all the participants are expert. Of course, there needs to be some expertise/information in the group. Random picks aren't going to converge on the right answer.