Language Models Can Reduce Asymmetry in Information Markets — mentioned by martincsweiss

Sun, 18 Oct 2026 12:46:31 GMT

I was a co-lead author with Nasim Rahaman (plus Yoshua Bengio, Manuel Wüthrich, Li Erran Li, Bernhard Schölkopf and Chris Pal). Sharing because this work explains more of what I see in the market. Arrow's Information Paradox (1962) explains why information markets are inefficient. It says: you need to see information in order to choose whether to buy it, but once you've seen it you no longer need to buy it [https://en.wikipedia.org/wiki/Arrow_information_paradox]. LLMs move the pareto frontier. To show this, we set up a system where buyer agents post queries and vendors reply with priced…

Paper and discussion history. A mention is not an endorsement.

Language Models Can Reduce Asymmetry in Information Markets · HackerPapers discussions

Language Models Can Reduce Asymmetry in Information Markets — mentioned by martincsweiss