Testimonial Injustice and Prediction Markets

This essay argues that prediction markets, as one approach for aggregating dispersed private information, may not only be praised their epistemic accuracy. They also feature characteristics are morally desirable from the point of view justice. Notably, they a promising when we trying to address testimonial injustice. The impersonality market transactions effectively tackles issue identity prejudice, which underlies many forms is say markets do pose challenges justice own like risk excluding knowers based on ability pay. Or, in light prejudice’s systematicity, discouraging some because differences education or social background lead certain unease faced with markets. discusses these challenges, concedes limitations but offers countermeasures worries – e.g. hosting play-money basis. Throughout, addresses question potential scope using purposes, notably by means practical example monetary policy.