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Here's little ChatGPT comparison:
Polls vs. Prediction Markets
• Polls measure opinions at a moment in time, often influenced by bias, sampling errors, and respondents’ honesty. • Prediction Markets aggregate real-money bets, leveraging incentives to reward accurate forecasts and filter out noise.
Key Difference: Polls reflect sentiment; prediction markets reflect informed expectations.
Polls give equal weight to experts and dolts, while offering no incentive to try to be accurate.
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Yup! "No incentive" == "No reason to be right"
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