Daily Archives: September 13, 2007

Spigit – combining mathematics, technology, and subject matter experts to add relevance to online communities, for the purpose of elevating good ideas and good people.

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No GravatarSpigit:

– Spigit brings advanced metrics to social networking to create truly relevant ways of measuring user reputation and contribution.
– Spigit&#8217-s metrics give the best and brightest people and ideas a chance to shine, rather than relying on simple thumb&#8217-s up/thumb&#8217-s down measurements.
– User reputation and expert rankings determine how much &#8220-weight&#8221- a person&#8217-s votes receive. Spigit&#8217-s calculations of conversation levels, buzz and weighted ratings result in a true measure of value.

Can Spigit harvest the wisdom of crowds? Probably yes.

Previous blog posts by Chris F. Masse:

  • Robin Hanson wants to rule the world —just as CEOs and heads of states do for a living.
  • Predictify got funded… Great for those who will be hired… But is it a good thing, overall?
  • Nassim Nicholas Taleb likens modern-day financial markets to medicine in the 1800s, when going to a hospital in London or Paris multiplied your risk of death by four times, he says. Similarly, quants increase risk by deploying flawed financial tools designed to reduce it, he argues.
  • TradeSports-InTrade — Check Deposits
  • BetFair Australia fought for free trade across Australian state boundaries… and won.

The other Hanson who will change our future.

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No GravatarDavid Hanson, right, holds his son Zeno on his lap as the two look at Hansons’ Robot creation, also named, Zeno

by Associated Press Photo / Tony Gutierrez

David Hanson, right, holds his son Zeno on his lap as the two look at Hansons&#8217- Robot creation, also named, Zeno, at his office in Richardson, Texas, Thursday, Sept. 6, 2007.

Previous blog posts by Chris F. Masse:

  • Robin Hanson wants to rule the world —just as CEOs and heads of states do for a living.
  • Predictify got funded… Great for those who will be hired… But is it a good thing, overall?
  • Nassim Nicholas Taleb likens modern-day financial markets to medicine in the 1800s, when going to a hospital in London or Paris multiplied your risk of death by four times, he says. Similarly, quants increase risk by deploying flawed financial tools designed to reduce it, he argues.
  • TradeSports-InTrade — Check Deposits
  • BetFair Australia fought for free trade across Australian state boundaries… and won.

The BetFair betting blog = a piece of shit

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No Gravatar[image removed &#8212- see comments]

Via Niall O’Connor of Betting Market, the official BetFair betting blog.

#1. Unusable, unconventional layout and interface.

#2. Unsigned, crappy content.

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Kind of reinforce my view that a firm cannot become a media company unless it partners or buys out a journalistic outlet. Not everybody can be a journalist. It requires special skills.

&#8212-

NEXT: How can BetFair, the world&#8217-s market leader, produce such a piece of ****?

Previous blog posts by Chris F. Masse:

  • Collective Error = Average Individual Error – Prediction Diversity
  • When gambling meets Wall Street — Proposal for a brand-new kind of finance-based lottery
  • The definitive proof that it’s presently impossible to practice prediction market journalism with BetFair.
  • The Absence of Teams In Production of Blog Journalism
  • Publish a comment on the BetFair forum, get arrested.
  • If I had to guess, I would say about 50 percent of the “name pros” you see on television on a regular basis have a negative net worth. Frightening, I know.
  • You can’t measure the usefulness of a system by how many resources it consumes.