CNET News:
[…] It turned out that Shiau’-s predictions weren’-t perfect–-on average he was about 15 percent off on the sales of Nintendo’-s DS and Wii, Sony’-s PlayStation 3 and PlayStation Portable and Microsoft’-s Xbox 360. But he also wasn’-t that far off predictions from Wedbush Morgan’-s Michael Pachter, one of the most quoted industry analysts, who himself had been about 10.6 percent off sales on the same consoles. And a month earlier, Shiau’-s predictions had actually been better than Pachter’-s. Shiau had been off by about 15.8 percent, while Pachter had missed by 34.9 percent. […] “-Brian Shiau seems to have created a nascent and vibrant community,”- said Chris Masse, the author of Midas Oracle, a blog [*] about prediction markets. “-(There’-s) a strong emphasis on using the SimExchange as an educational tool to teach youngsters about the stock and futures mechanisms. I like this a lot.”- […] “-The biggest obstacle is that most people don’-t know what a prediction market is,”- said Shiau. “-So it’-s very difficult to pitch it to someone without them understanding how a stock market (provides useful information).”-
Previous: NPD releases April sales data, prediction market and analyst compared – by Brian Shiau
[*] a group blog on prediction markets –->- 49 posters –->- 192 posts from the guest authors
Previous blog posts by Chris F. Masse:
- VIDEO: Why Hillary Clinton will never be the Vice President of the United States of America.
- Any idea what Brad Stewart means with that logo that features a south-to-north rotation? — Does he want to put our Planet Earth upside down? — The real rotation occurs around an axis that connects the north and the south poles.
- Dick Morris (ex-strategist for Bill Clinton) devoted, not one, but two, strong columns against the Hillary-Clinton-as-VP scenario.
- What InTrade, TradeSports, BetFair, TradeFair, Betdaq, NewsFutures, Inkling Markets, Reality Markets, and HubDub, should implement real quick.
- Will we be able, one day, to trade our InTrade, TradeSports, BetFair and TradeFair event derivatives via our BlackBerry?
- FACEBOOK AND LINKEDIN: How to deal with unwanted friend requests, the ethics of de-friending, and other social networking etiquette predicaments.
- Don’t trade on the VP predictions markets. — Don’t bet on Hillary Clinton as VP. — Don’t listen to betting bloggers who tell you that Hillary Clinton has a chance to be on the Democratic ticket. — Don’t believe in “vice presidential selection committees”. — Select well your primary, advanced indicators. — Choose your bets carefully.