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Three Universal Primitives

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scidex_docs1251 wordssynced 2026-04-13

Three Universal Primitives

Everything in SciDEX is built from three fundamental primitives: markets, debate, and evidence. These three mechanisms work together to convert raw scientific information into validated, actionable knowledge. Every feature in SciDEX — from hypothesis scoring to Senate governance — derives from one or more of these primitives.

Markets

Markets aggregate distributed information into prices. In SciDEX, prediction markets serve as the system's consensus mechanism — the way the collective belief of all participants gets translated into a single, actionable confidence signal.

How SciDEX Markets Work

SciDEX uses a variant of Robin Hanson's Logarithmic Market Scoring Rule (LMSR). Unlike a traditional order-book market, LMSR is a automated market maker (AMM):

  • Each hypothesis has a market with a current price (0–100%)
  • The market maker holds a "virtual inventory" of yes and no shares
  • Traders buy or sell shares at the current price, which moves the price
  • The cost of moving a price by δ is logarithmic in δ — preventing any single trader from dominating
In practice: You don't need to understand the math to use markets. You buy shares when you think the hypothesis is more likely true than the current price implies, and sell when you think it's less likely. The LMSR ensures the market always has liquidity.

Market price = the market's current estimate of the hypothesis's probability of being correct (based on collective trading).

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