Can Prediction Markets Make Better Decisions? | Robin Hanson

*What if markets could help us decide which choices are most likely to produce the outcomes we actually want?* Hanson explains how prediction markets can aggregate information and potentially advise decisions in organizations, cities, and governments. 0:00 Why Prediction Markets Can Be More Reliable 3:57 Incentives, Careful Thinking, and the DARPA Project 8:39 From Prediction Markets to Futarchy 11:42 Vote on Values, Bet on Beliefs *Robin Hanson* is an economist, author, and Associate Professor of Economics at George Mason University. His research focuses on prediction markets, signaling, and the future of humanity, and he is known for proposing the Great Filter hypothesis. *More from Robin Hanson on Closer To Truth:* * Closer To Truth: The Podcast: https://www.youtube.com/playlist?list=PLFJr3pJl27pLLkP0kHQKL9nZh35UkgkR_ * CTT x MindFest 2025: https://www.youtube.com/playlist?list=PLFJr3pJl27pI-usOrbim0W1cyUA7aK2TU * Artificial Intelligence (AI) & Advanced Technology - Closer To Truth Core Topic: https://www.youtube.com/playlist?list=PLFJr3pJl27pItdxcrvJ2o9zfHjFNdyoeG * Closer To Truth contributors: https://closertotruth.com/contributor/robin-hanson/ *Subscribe to Closer To Truth:* https://www.youtube.com/@CloserToTruthTV *Join the Community:* * Membership (5,000+ videos): https://closertotruth.com/register/ * Audio Podcast: https://closertotruth.podbean.com * Support the Show: https://closertotruth.com/donate/ * Official Merchandise: https://www.bonfire.com/store/closertotruth/ *Follow Us:* * Facebook: https://www.facebook.com/CloserToTruthTV/ * Instagram: https://www.instagram.com/closertotruth/ * TikTok: https://www.tiktok.com/@closertotruthtv * X: https://twitter.com/CloserToTruth Closer To Truth, hosted by Robert Lawrence Kuhn and directed by Peter Getzels, presents the world’s greatest thinkers exploring humanity’s deepest questions. Discover fundamental issues of existence. Engage new and diverse ways of thinking. Appreciate intense debates. Share you