He says AI and modern prediction markets are replaying that story at a larger scale. “It’s interesting you mentioned Grossman‑Stiglitz,” he told Fortune, “because I wrote a paper with one of my graduate students, Max Ventura, extending the Grossman‑Stiglitz to AI, and the result I described before about how we can worsen the information ecosystem was actually a reference to that extension.”
Last year, the Marine Conservation Society said mackerel was "under immense pressure from fishing activities across multiple nations" and that the stocks would soon be unable to replenish naturally.
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