Observations by Andrew '”Mr. 2.0” McAfee.

“And as I wrote earlier, prediction markets are great tools at the outermost ring, where people are strangers and will remain so. Prediction markets let strangers trade securities with each other, an activity that yields weirdly accurate forecasts of future events.

The second main reason for my conclusion is that outer-ring ESSPs bring substantial benefits, and ones that are difficult to achieve any other way. In other words, it’s not just that good outer-ring tools are new; it’s that they’re new and powerful.”

- Andrew McAfee, Colonizing the Outer Rings