Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

WARNING: This is the Holy Bible.

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Holy Bible - Warning

5 Comments to WARNING: This is the Holy Bible.

  1. January 10, 2008 at 11:04 AM | Permalink

    Those descriptive verses do or do not describe the historic human condition?

    As far as the cultural costs to reading the Bible, how should we explain the positive correlation of Bible reading to wealth and rights? For instance, the Magna Carta, the Reformation, the Scottish Enlightenment, the American Revolution. Let’s compare that to non-bible reading societies, such as Egypt, China or India or the tribes of New Zealand and the Amazon … And then pop that graph up on the Midas Oracle dashboard.

    I’m not sure you can find any verses actually advocating any of the issues you mention, except for the use of alcohol. This appears to be irresponsible, illogical, unscientific, and undisciplined exegesis to me.

    The readers and interpreters of the Bible get it wrong a lot of the time. But then again, not even prediction markets are perfect.

  2. January 10, 2008 at 4:26 PM | Permalink

    Sure, our numerals and arithmetic came from the East-West trade (of the Byzantine Empire?–I haven’t taken a history course since high school). I think the Arabs may have gotten it from trade with the Indians.

    The problem with India and China is that their societies were eclipsed, at least from a GDP comparison, with little old England, who had adopted principles from the Bible reading calvinists Adam Smith, Thomas Reid, David Hume and other enlightened thinkers in Scotland.

    Have you ever visited Scotland? There’s a lot to be said for bible-reading folks–they can be awfully nice.

    As far as religion not messing with science, technology and freedom of speech, I would submit to you Bible-readers like Martin Luther. Luther was the one that challenged the monarchist-papal complex of his day, saying the individual had access to Divinity and divine rights, disintermediating out the coercive powers of state and church.

    How far would the Renaissance have gone without the turbo boost of the Reformation? Maybe that’s a question for someone like Nassim Taleb.

    So Chris Masse, since rights and freedom are so important to the efficacy of prediction markets, it might be nice for you to tell us where our rights come from.

  3. January 11, 2008 at 12:43 PM | Permalink

    Had no idea. I’d like to visit Edinburgh for the history, and then Dublin for the stout.

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