Prediction Markets + Market Predictions = Collective Forecasting That Pays Off
Michael Arrington in the New York Times:
I was a corporate lawyer and an entrepreneur, and I know about working all the time. But now, you’re always worried a big story is breaking in your e-mail, and if you wait an hour, you’ll miss it. Every morning when I wake up, the panic hits and I have to see my e-mail as soon as possible.
Paul Hewitt on “In 1965, Congress said Medicare would cost $9 billion by 1990. In reality, it cost $67 billion –seven times more than the prediction.”
Chris F. Masse on “In 1965, Congress said Medicare would cost $9 billion by 1990. In reality, it cost $67 billion –seven times more than the prediction.”Paul Hewitt on “In 1965, Congress said Medicare would cost $9 billion by 1990. In reality, it cost $67 billion –seven times more than the prediction.”
Max Keiser on Nate Silver: InTrade probability on ObamaCare is quite right.
Jason Ruspini on Does InTrade participate on its own prediction markets?Max Keiser on Does InTrade participate on its own prediction markets?Max Keiser on Nate Silver: InTrade probability on ObamaCare is quite right.Max Keiser on When the ObamaCare event derivative reaches 80%, I will officially declare America as a socialist country —just like France and Sweden.Jason Ruspini on OBAMACARE PREDICTION MARKET WAS BRIEFLY MANIPULATED YESTERDAY EVENING SO IT WOULD ARTIFICIALLY CLOSE AT $35. – [CHART]Paul Hewitt on When the ObamaCare event derivative reaches 80%, I will officially declare America as a socialist country —just like France and Sweden.