According to James Surowiecki in THE WISDOM OF CROWDS, the market-generated predictions have been shown to be more reliable than the output of any think tank.

Let’s create a think tank whose output is generated, not by scholars (like Bob), but by sets of prediction markets, then. :)

Previous: The Economist should set up The Open Institute of Prediction Markets. + WHY THE ECONOMIST SHOULD ADD MARKET-GENERATED PROBABILITIES NEXT TO ITS CONTENT.

About Chris F. Masse

Founder and President of Midas Oracle
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