E38: Resurgence of Prediction Markets, AI Adoption and Complex Financial Systems

This week, Byrne Hobart and Erik Torenberg discuss the resurgence of prediction markets, the balance of sophisticated vs. 'dumb' money, Biden's nomination odds and the impact of AI on software economics.

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RECOMMENDED PODCAST:

Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.

Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH

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TIMESTAMPS:

(00:00) Intro

(00:20) Is this the Polymarket election?

(08:55) Prediction markets

(11:07) Politics and prediction markets

(15:13) Sponsors: Babbel | Beehiiv

(17:48) CrowdStrike and the cost of software failures

(23:39) AI adoption and workplace dynamics

(27:29) Financial systems post-Great Financial Crisis