Robin Hanson
speaker
101 appearances
1 recordings
1 series
first heard Sep 2026
last heard 3d ago
Robin Hanson’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.
Appearances
The whole thing is that when you trade in the market, it's really hard to tell.
And usually you just can't tell.
So you have to go on the averages.
Wolves, on average, expect some of their trades will be against wolves, but they want to go where there's more sheep, so the odds are better.
As a sheep, you would rather trade against other sheep than against a wolf, but
Hey, you can't help the fact that there are sometimes wolves in the markets and you have to accept that.
of insider trading.
Speculative markets or betting markets are an information institution, just like journalism.
Journalism is supposed to go solicit contributions, summarize them into an aggregate news, and then distribute that news to the world.
Journalism has, in fact, often tempted people to reveal information that they had promised to somebody else to keep as a secret.
Many famous news stories are based on that.
And we as a society have a trade-off there.
On the one hand, we like to get more news, and news is valuable.
On the other hand, maybe organizations keeping secrets has some value too.
That same trade-off exists in speculative markets.
If one of the main values of speculative markets is their prices and price accuracy giving us information.
and the institution itself is inviting people and paying them to contribute information, then of course it will be
The most tempting to people who have the most information, and that's, according to the logic of the institution, exactly what it and we should want.
On the other hand, there might be other issues in societies that we'd trade off against having more accurate.
Prices in the speckage of markets.
Showing 61–80 of 101 · page 4 of 6
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