korrents

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Individual economists' forecasts about AI and the labour market are close to worthless, and aggregated forecasts from prediction markets should replace them.

Drawn from what Alex Imas said

What these subjects mean

AI and jobs Whether AI displaces human work, which jobs go first, and what replaces them.

economists The economists themselves and the schools they founded -- Smith, Mill, Keynes, Hayek, Friedman -- rather than any one economic question.

Will AI take the jobs?under our view: The confident forecasts are themselves the overreach

What Alex Imas actually said

  1. Alex Imas Behavioural economist at Chicago Booth
    rather than thinking about individual forecasts like what me and Phil are going to do, rather looking at kind of like basically generating prediction markets, where you get aggregate forecasts, where you get like kind of wisdom of the crowd effects. And kind of the reason that I think this is because we have been famously terrible at forecasting.

Added to korrents 7 Sept 2026 · How quotes work · Something wrong? Tell us

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