WHY THE ECONOMIST SHOULD ADD MARKET-GENERATED PROBABILITIES NEXT TO ITS CONTENT. | Midas Oracle .ORG

WHY THE ECONOMIST SHOULD ADD MARKET-GENERATED PROBABILITIES NEXT TO ITS CONTENT.

Written by Chris F. Masse on April 20, 2007 — 2 Comments

The Economist on the next French presidential election:

No French presidential election in 50 years has looked as unpredictable as this year’s, the first round of which takes place on April 22nd. [...]

Reality check from the “free markets”, so revered by The Economist:

Nicolas Sarkozy as the next French President: 66% at BetFair

Nicolas Sarkozy as the next French President: 65% at InTrade-TradeSports

TAKEAWAY: The “opinion” or “sentiment” of the journalos is complete bullshit. Give us the market-generated probabilities.

External Link: Turning The Economist into an economy = The Red Stripe Project investigating the prediction markets.

UPDATE: MIDAS ORACLE PROCLAIMS REPUBLICAN NICOLAS SARKOZY AS THE FRENCH PRESIDENT-ELECT.

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Posted in Analysis (Industry), Collective Intelligence, Entrepreneurship | Tagged economist, Nicolas Sarkozy, President

2 Comments to “WHY THE ECONOMIST SHOULD ADD MARKET-GENERATED PROBABILITIES NEXT TO ITS CONTENT.”

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Keith Jacks Gamble

April 20, 2007 at 10:15 am | Permalink

Amen

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Chris. F. Masse

April 20, 2007 at 10:56 am | Permalink

We need to break free from the current, co-opted commentariat: bring in the prediction markets!

MIDAS ORACLE PROCLAIMS REPUBLICAN NICOLAS SARKOZY AS THE FRENCH PRESIDENT-ELECT.
http://www.midasoracle.org/200.....ent-elect/

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