Prediction Markets = the greatest time-saving invention of this century
Chris F. Masse January 9th, 2008
John Tierney (and again this morning):
[...] Keeping up with a presidential campaign used to require at least an hour a day of wading through punditry, and much more time during the peak primary season. But now, with a few clicks on Intrade, you can see the accumulated expertise of thousands of people betting on the campaign. [...]
That’s what I mean by “Prediction markets are forecasting tools of convenience that feed on advanced indicators“.
I will have another post on John Tierney… if Barry Ritholtz delivers on his promise to write up on prediction markets.
- Analysis (Meta) , Exchanges & Markets
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