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Idea Futures
Happy ! Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

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last edited by BillSeitz on Jul 1, 2009 5:25 am

aka

Using forces to support accurate ideas.

says : Our policy-makers and media rely too much on the "expert" advice of a self-interested insider's club of pundits and big-shot academics. These pundits are rewarded too much for telling good stories, and for supporting each other, rather than for being "right". Instead, let us create betting markets on most controversial questions, and treat the current market odds as our best expert consensus.

http://en.wikipedia.org/wiki/Prediction_market

The [Foresight Exchange] is currently active: http://www.ideosphere.com/

Lots of other publications: http://hanson.gmu.edu/ifpubs.html

The points out the importance of writing "contracts" (stating a belief in a precise and "settle-able" way) to having functioning markets.

[John Brunner]'s also involves such markets.

[Iowa Electronic Markets] is well-known, esp. for political forecasts ()

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Bill Seitz, fluxent at gmail dot com, Weblog