Earlier quoted context omitted.
What do these prediction markets produce ? Some people are saying "yes" and others are saying "no", and the answer is either "yes" or "no", but why bother spending money on predicting when society can spend money on replicating it? Wouldn't an actual replication attempt be more useful? > The latter is a perfectly reasonable thing to do - it's not easy for an average person to "pay off some lab", but if they provide l…
They're producing the wisdom of the crowd, which is a real and highly accurate piece of information. It's quite difficult and expensive to produce information as fast and reliable by other means. And they don't cost much, it's mostly money being moved around. edit: I interpreted it as asking wether prediction markets in general produce value. In this specific case I'm 100% with you, they're absolutely useless in pred…
LK-99: The live online race for a room-temperature superconductor
121–130 of 659 posts
Re: LK-99: The live online race for a room-temperature superconductor
#122I’m not an expert, but I’ve used superconductors (I believe YBCO) when I taught physics lab. We cooled samples down with liquid nitrogen and put them over a magnet. They levitate, but not like in the video that the Korean team released. True superconductors enjoy “flux pinning”, meaning wherever you put them on a magnet, they’ll freeze in that position (or move around an axis of constant flux.) In the LK-99 video tha…
Type-II super conductors may exhibit "flux pinning". Type-I super conductors do not.
Edit: yea it's interesting. Believe it or not, I studied L-G theory in grad school, taught a lab about (type-II) superconductors, but had no idea that type-I superconductors didn't flux pin.
Just leaving this here from Wikipedia:
> The superconductor must be a type-II superconductor because type-I superconductors cannot be penetrated by magnetic fields. Some type-I superconductors can experience the effects of flux pinning if they are thin enough. If the material's thickness is comparable to the London penetration depth, the magnetic field can pass through the material.
Re: LK-99: The live online race for a room-temperature superconductor
#123[flagged]
Re: LK-99: The live online race for a room-temperature superconductor
#124Earlier quoted context omitted.
This type of instictive negative reaction to prediction markets is, unfortunately, common, but, I think, misguided. Prediction markets are one of the (or just, the?) best ways of aggregating knowledge from multiple sources and producing the best predictions. Having good legible predictions of impactful events such as LK-99 replication is extremely useful for society - it would be an invaluable input for a savvy polic…
How about this scenario: I am the PI of a laboratory. I buy up the market and (falsely) announce that I succeeded in replication. Sell and make profit. Then a couple of days later I announce that I made a terrible mistake. How do you prevent this scenario? I did nothing illegal, I just "not noticed the mistake I made".
OP is downplaying the shenanigans that can go on here.
The only way to prevent it is some sort of SEC insider trading or market manipulation laws.
Re: LK-99: The live online race for a room-temperature superconductor
#125I’m not an expert, but I’ve used superconductors (I believe YBCO) when I taught physics lab. We cooled samples down with liquid nitrogen and put them over a magnet. They levitate, but not like in the video that the Korean team released. True superconductors enjoy “flux pinning”, meaning wherever you put them on a magnet, they’ll freeze in that position (or move around an axis of constant flux.) In the LK-99 video tha…
Re: LK-99: The live online race for a room-temperature superconductor
#126Earlier quoted context omitted.
LK-99 is a brand new material that almost nobody knows anything about. The market is not a knowledge aggregate, it is vibes based.
You are severely underestimating how good vibes from a lot of people are at giving good estimates.
Re: LK-99: The live online race for a room-temperature superconductor
#127Earlier quoted context omitted.
This type of instictive negative reaction to prediction markets is, unfortunately, common, but, I think, misguided. Prediction markets are one of the (or just, the?) best ways of aggregating knowledge from multiple sources and producing the best predictions. Having good legible predictions of impactful events such as LK-99 replication is extremely useful for society - it would be an invaluable input for a savvy polic…
How about this scenario: I am the PI of a laboratory. I buy up the market and (falsely) announce that I succeeded in replication. Sell and make profit. Then a couple of days later I announce that I made a terrible mistake. How do you prevent this scenario? I did nothing illegal, I just "not noticed the mistake I made".
Re: LK-99: The live online race for a room-temperature superconductor
#128Re: LK-99: The live online race for a room-temperature superconductor
#129I’m not an expert, but I’ve used superconductors (I believe YBCO) when I taught physics lab. We cooled samples down with liquid nitrogen and put them over a magnet. They levitate, but not like in the video that the Korean team released. True superconductors enjoy “flux pinning”, meaning wherever you put them on a magnet, they’ll freeze in that position (or move around an axis of constant flux.) In the LK-99 video tha…
Type-II super conductors may exhibit "flux pinning". Type-I super conductors do not.
In the case of LK99, the claim is that it does not show flux pinning because the sample is impure and not uniformly superconductive, i.e. it is not expelling the magnetic field enough.
Re: LK-99: The live online race for a room-temperature superconductor
#130Earlier quoted context omitted.
This type of instictive negative reaction to prediction markets is, unfortunately, common, but, I think, misguided. Prediction markets are one of the (or just, the?) best ways of aggregating knowledge from multiple sources and producing the best predictions. Having good legible predictions of impactful events such as LK-99 replication is extremely useful for society - it would be an invaluable input for a savvy polic…
Not to take away from your point, but there is a better way than prediction markets, and that's careful objective research by non-experts ( https://goodjudgment.com/ ). It's been shown that teams of such researchers consistently beat prediction markets on these sorts of topics. Anecdotal evidence suggests it might be that the presence of experts and cultural preconceptions corrupt prediction markets enough to diverge…
Can you please share your sources?