Lucas Kohorst
@lucas
days @dcgco nights @adjacent___
Lucas Kohorst
@lucas
days @dcgco nights @adjacent___
Friedrich Hayek's essay explores the decentralized nature of knowledge in society, emphasizing the importance of the price system in coordinating individual decisions effectively, highlighting challenges of central planning.
cato.orgThe content discusses the benefits of prediction markets and event contracts for risk management, decision-making, and information aggregation across various sectors like finance, politics, and sports.
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