I have posted a significantly revised and corrected version of my latest paper “Betting on Conspiracies,” which is available here via SSRN. In summary, the conventional wisdom is that conspiracy theories are dangerous and threaten democracy, and a wide variety of academics and other “experts” have proposed various measures to combat such conspiracy thinking, including direct regulation of social media platforms. What if, however, we allowed people to bet on conspiracy theories instead? I will have more to say about my proposed “Conspiracy Theory Betting Market” in the days ahead …
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The whole appeal of conspiracy theories is that they cost nothing to create and cost nothing to enroll in them. The idea of subjecting them to a “market” is wishful thinking.
Fair points; I will be blogging more about my betting market idea in the next day or two…