It’s not just about the money: What do the prediction markets teach us?

Understanding how we deal with uncertainty

Among the most interesting things we get from the forecast market is a better understanding of how people deal with the unknown. There are many aspects of life you can never be sure about; will it rain today? Will I be late for work because of traffic? Although we are faced with these questions on a daily basis, we rarely take the time to understand why we make our decisions. For the person involved in forecasting, everything changes.

An insightful look at the past

An important part of making predictions for those who are serious about it is recording their actions and trying to learn from past events. However, this is usually in the context of trying to improve decision-making for the next prediction.

A clearer picture of what the future holds

Prediction markets can also help us look into the future. While it is fun to use prediction markets to assess the likelihood of success or failure of sports teams, they can tell us much more. About more important things than who will win the championship.

What do the prediction markets tell us?

Prediction markets exist because people invest money to try to make more money. While it is worth spending your time and money to try to make a profit, it can also be interesting to look at predictions from a different angle. They help us understand how people think and behave, and allow us to take an astute look at the past and predict the future.

Polars

The new DeFi platform for creating secure polar tokens, the price of which depends on the results of specific external events. Within the POLARS platform, users can buy, sell and exchange polar tokens, as well as participate in the distribution of the platform’s commission income.

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Polars.io

Polars.io

Polars.io — The new DeFi concept for the Prediction Market.