Markets and betting suffer from an image problem and a learning curve — they appeal strongly to a certain demographic but are repelled by others. As much as I’d like this mentality to change, I don’t see it happening in the near future.
In my view, the prediction market consultants should focus on the market-literate people out there (the sophisticated users of markets) before branching out to other forecasting techniques (”-competitive forecasting”-), which the other (i.e., non-market) forecasting professionals do master better.
Read the last blog posts by Chris. F. Masse:
- Al Gore prediction markets
- [ABC7 Futures Market] – An Inkling stock has ended.
- Jesus’ Tomb Event Derivative, anyone??
- TradeSports-InTrade Trader: Todd Griepenburg is right.
- Globalization = Internationalization + Localization
- BetFair Radio will be a mix of live horseracing commentaries, informed debate and detailed betting analysis.
- Oscars 2007 – Hollywood Stock Exchange – Bingo!
- Oscars 2007 – TradeSports-InTrade – Bingo!
- InTrade-TradeSports to one of its big customers: GO TO HELL.
- InTrade-TradeSports to Todd Griepenburg: GO TO HELL.
- HSX co-founder Max Keiser on a quest to reinvent economics
- To My Readers – Todd Griepenburg vs. TradeSports-InTrade