Interpreting Prediction Market Prices as Probabilities
The document discusses prediction market prices as reflections of average beliefs under different utility functions. Field data supports that these prices generally correspond with mean beliefs.
The United States could produce all its power by covering 2% of its land with solar panels - for comparison, we use 20% of our land for agriculture, so this would look like Nevada specializing in farming electricity somewhat less intensely than Iowa specializes in farming corn