Jed Christiansen has more on the 2007 Consensus Point conference on prediction markets…
Robin Hanson
Robin gave a quick addendum to his earlier talk, where he focused on the cost-value space of a prediction market. He described an evolution from betting markets, which have negative cost (aka profit) though little value to an organisation, to future prediction markets. Fully evolved prediction markets will certainly have a cost to operate, but the output could have tremendous value to a company.
Intro to Prediction Markets – (PPT file) – by Robin Hanson – 2007-09-24
