Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Justin Wolfers’ guest-blogging week at Marginal Revolution is over.

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Jusitn Wolfers:

I’ve been amazed by how much work blogging can be. More than anything else, this past week has simply increased my admiration for the work that Alex [Tabarrok] and Tyler [Cowen] put into this site and our community.

Yes, blogging is hard and difficult. But Justin Wolfers has experienced only one third of the whole experience —writing. The two other parts are: finessing the parameters of your blogging software, and marketing your blog, posts and pages. In my experience, the last thing is the most difficult —you have to get inbound links from big bloggers, otherwise nobody reads you and the search engines don’t compute you. Your blog will only matter in your industry if you excel at each of these three tasks. (And if what you run is a group blog, then there is a fourth task, which is inciting other people to write for your group blog for free. :-D )

So, how did you like Justin Wolfers’ guest-blogging week at Marginal Revolution?

Great. Smart guy. Very open to others. Very willing to let the readers discover plenty of external resources (including, two times, a weird stuff called Midas Oracle :-D ). His blogging style resembles much David Pennock’s one. That is, a smooth mix of home-made essays and news aggregation items. Very different than Robin Hanson’s blogging. (Robin Hanson is on a quest to show off that he is the world’s most intelligent human being, which is boring most of the times, but can output highly valuable fruits, occasionally.)

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