Something to Consider • 79 implied HN points • 28 Jun 24
- Futarchy is a new way to make decisions where people vote on what they want to achieve, but experts decide the best way to get there using prediction markets. This means we focus on outcomes instead of specific policies.
- When people are risk-averse, they might prefer safer options, and this can affect the choices made in a futarchy setup. It’s important to balance between achieving high goals and taking on too much risk.
- Even though prediction markets are useful, they can be skewed by people's efforts to hedge against risks. This means prices might not always reflect the true chances of outcomes, but they can still provide valuable information.