Monthly Archives: December 2007

How to assess Justin Wolfers’ writings for the WSJ, the BetFair blog, the InTrade bulletin, and Midas Oracle

Posted on December 31, 2007 by Chris F. Masse

Robert Scoble (who got heat from the rest of the Blogosphere for that): Are you getting content that no one else is? [...] Does that content cause conversations to happen? [...] Does that content get noticed in the niche you’re … Continue reading →

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Jimmy Wales of Wikipedia interviewed by BBC HardTalk

Posted on December 30, 2007 by Chris F. Masse

Tomorrow, Monday, December 31, 2007 – BBC HardTalk (carried by BBC World, among others) How will Wikipedia make money? Moronic question that will be of interest only to mister Mike Linksvayer. How Wikipedia manages to harness the wisdom of crowds … Continue reading →

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What one thing do you think that countries, companies or individuals must do to make the world a better place in 2008?

Posted on December 30, 2007 by Chris F. Masse

Is there any prediction market answer to the Davos Question? I bet that there isn’t any, because the successes of the prediction markets are incremental and not spectacular. Prediction markets are a tool of convenience —they have no magic in … Continue reading →

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In a truly efficient prediction market, the price will come to reflect the influence of all available information.

Posted on December 30, 2007 by Chris F. Masse

Justin Wolfers in the Wall Street Journal: [...] Through this process of different people trading based on their own observations about the race, prediction markets prices come to aggregate disparate pieces of information into a single summary measure of the … Continue reading →

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NOTE: Wagering on political or other events is illegal in some jurisdictions.

Posted on December 30, 2007 by Chris F. Masse

Oh, really??? What on Earth could be those “jurisdictions” where real-money prediction markets are forbidden??? Could… Could it… Could it be… THE UNITED STATES OF AMERICA —where the Wall Street Journal is headquartered????

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Enterprise Prediction Markets = still on the fringe

Posted on December 30, 2007 by Chris F. Masse

According to ZD Net.

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Rasmussen Markets = InTrade’s Play-Money Prediction Markets

Posted on December 30, 2007 by Chris F. Masse

Rasmussen Markets = Yet another pointless and useless play-money prediction exchange, traded mainly by InTrade bots [*] —info that is not disclosed to the public, of course. [*] There aren’t any automated market makers at NewsFutures, my preferred play-money prediction … Continue reading →

Posted in Exchanges & Markets, Market Liquidity | Tagged , , , , , , , | 2 Comments

Tilting At Windmills

Posted on December 29, 2007 by Chris F. Masse
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Best Buy = Enterprise Prediction Markets For All

Posted on December 29, 2007 by Chris F. Masse

Jed Christiansen picking up some highlights of the Year 2007: [...] * Best Buy rolling markets out to every employee This is one of the most exciting developments of 2007, though something that certainly hasn’t hit the mainstream press, yet. … Continue reading →

Posted in Analysis (Industry), Exchanges & Markets | Tagged , , , , , , , | 3 Comments

Do use Google Reader.

Posted on December 29, 2007 by Chris F. Masse

About feeds: I recommend reading any blog within a Web-based feed reader and I recommend Google Reader. You should be able to scan-read quickly the items within your feed reader —classify them, tag them, share them, and search them. Read … Continue reading →

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