“Hanson wrote up the academic case for prediction markets generally, invented policy prediction markets, pointed out prediction markets' potential uses in science and governance and corporate governance and pushed for early prediction markets to get started.”
LessWrong (Curated & Popular) · "You Heard of “Bayesians Don’t Predictably Update” Because of Robin Hanson" by Eliezer Yudkowsky
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What was described
invented policy prediction markets and promoted their use in science, governance and corporate governance
Said nearby on the same subject
“Consideration will be given to risk sharing between the Government and the industry, including whether mechanisms for Government to capture a share of excess profits during favourable market conditions are appropriate”
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Said on Australian Parliament: House of Representatives
“Government procurement spending or government spending writ large is basically being funded uh through the bill markets and the attraction of that is that the banks are ready buyers for bills”
“I said to the government, why don't we go to paying the soldiers through their phones? ... we put up a great system and we took it to the Congolese government.”