DropToZeroDon'tCry
"Several Brain-Teasing Thoughts About #预测市场 "
1️⃣ Besides speculation, what is the positive value of market prediction?
The core function of the stock market is value discovery:
Through price mechanisms, allocate capital to higher-value companies.
And prediction markets do something else:
Truth excavation.
They are not pricing companies,
but pricing the "probability of an event occurring."
Who is closer to the facts, who makes money.
The ultimate goal is—
to make collective cognition approach the truth faster.
2️⃣ What is the relationship between prediction and truth?
In the stock market:
Pric
View Original1️⃣ Besides speculation, what is the positive value of market prediction?
The core function of the stock market is value discovery:
Through price mechanisms, allocate capital to higher-value companies.
And prediction markets do something else:
Truth excavation.
They are not pricing companies,
but pricing the "probability of an event occurring."
Who is closer to the facts, who makes money.
The ultimate goal is—
to make collective cognition approach the truth faster.
2️⃣ What is the relationship between prediction and truth?
In the stock market:
Pric