What about Futarchy, but to replace elections rather than legislation? Ie select govt officials by using prediction markets on their performance. Ideally using objective metrics, but as a fallback just bet on ex post voter satisfaction. @robinhanson
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There's a whole mathematical formalism here that I've just never had occasion to learn, I think. But I'm quite surprised that there's not some way to exploit the possibility of manipulative bets that are capable of *canceling* all payouts on the bet itself. What averts that?
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It is a field (mechanism design, auction theory, etc) but this is a very basic application. 15-30 min proving the 2nd price auction result and reading examples of using no-arbitrage condition, and you could prove that a manipulated outcome is not an equilibrium.
End of conversation
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