Hansons Method

Hanson's Method, developed by economist Robin Hanson, explores how prediction markets can improve decision-making. It suggests that gathering diverse opinions from a group—especially through structured betting or forecasting—can yield more accurate outcomes than traditional methods. Participants stake money on their predictions, incentivizing them to research and consider information critically. This collective intelligence harnesses the wisdom of the crowd, helping organizations and individuals make informed choices in uncertain situations, such as political events, economic trends, or product launches. Overall, Hanson’s Method underscores the value of leveraging expert and crowd insights for better predictions.