Zubin Jelveh of Portfolio incorrectly files his story on Nintendo Wii’s polling system in the prediction markets category.

3 Responses to Zubin Jelveh of Portfolio incorrectly files his story on Nintendo Wii’s polling system in the prediction markets category.

1. http://openid.aol.com/zjelveh says:

   November 19, 2007 at 1:29 PM

   Hi Chris,
   You’re right, Everybody Votes is definitely not a prediction market. However, I argue that it does have the potential to tell us, using a much larger group than I’ve seen done elsewhere (but I’m no expert, maybe you have seen elsewhere), what happens when large groups vote on murky questions that still have definable outcomes, and isn’t that what prediction markets are largely all about?

   As I wrote in the post, Nintendo doesn’t give any indication that its future plans are to turn Everybody Votes into a prediction market, or even a Galton-like test lab. In fact, if you look at the vast majority of the questions on EV, they’re basically quirky opinion polls. But I’d love it if they did.
   -Zubin

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2. Chris. F. Masse says:

   November 19, 2007 at 3:46 PM

   Hi Zubin,
   Thanks for dropping by. Yes, polls do have utility. However, on this group blog devoted on prediction markets (Midas Oracle), we are little Talibans who deny to Infidels the use of the term “prediction markets” if there is no trading going on. We are such extremists.
   Chris

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3. http://openid.aol.com/zjelveh says:

   November 19, 2007 at 4:26 PM

   Well, I’m Iranian, so I can def. appreciate some fundamentalist extremism.
   -zubin

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