Summary
TLDR: Futarchy is a governance system where decisions are based on prediction markets, which determine policy outcomes. Combinatorial prediction markets allow for more complex decision-making by considering multiple outcomes simultaneously.
Key Points
1. Futarchy is a governance system that uses prediction markets to determine the best decisions for a society or organization.
2. Combinatorial prediction markets allow participants to make complex predictions by combining multiple outcomes into a single market.
3. These innovative tools have the potential to revolutionize decision-making processes by harnessing the wisdom of the crowd and incentivizing accurate predictions.