Right-click on Mike Linksvayers mugshot to open, in another browser tab, the discussion thread on baseball decision-aid markets, with Mike Giberson, and an elliptic comment from Robin Hanson.
Reply
Daily Archives: April 29, 2008
The Rise of Crowdsourcing: Creative Wisdom of the Crowd – Tuesday, May 20th, 2008 at 6:00pm – @ Bo Cowgills Alma Mater
The Rise of Crowdsourcing: Creative Wisdom of the Crowd – @ Stanford Business School, Stanford University, California, U.S.A. – 2008-05-20
–->- Predictify &- Cambrian House
–
Via Daniel Horowitz (Business and Technology Consultant)
–
JUSTIN WOLFERS EXTATIC 2020″ VISION BECOMING REALITY? Spot, number one, that they chronicle the horse race thru the lens of the real-markets prediction markets (and not thru the polls), and, number two, that they link to InTrade -(a root link, not a deep link, though). If that journalistic tre
HubDubs Nigel Eccles pinches Henry Blodgets nose (like trumpetist Miles Davies did for one of his musicians, on stage, one day), and the damn result of that, believe or not, is that the valuation of The Sporting Exchange (BetFair-TradeFair) drops from $5 billion to $3 billion. So, either Nigel shoul
Nigel Eccles:
How did you forget yadda yadda yadda. [ Hilarious. 
]
Nice list, roughly makes sense but lots to disagree with (as you would expect). However one clear mistake is BetFair. They should be valued at $3 billion. They just did a recapitalisation which distributed 10% of the company in cash to shareholders (I got the check this morning). It was at a valuation of ?1.5 billion, so unless you are even more bearish on the exchange rate that works out at $3 billion.
–
Henry Blodget:
Thanks for the info on Betfair–-that’-s exactly the sort of concrete detail we’-re especially looking for. We’-ll see if we can confirm, and, if so, the valuation will drop to $3 billion.
–
And there’-s another interesting comment, on the other page:
–
Insider:
why the gratuitous —- and painfully ignorant – -swipes at the USA?
can’-t you do your job without the silly —- and, again, factually incorrect —- morals lectureds and editorializing?
actually the U.K. is one of the few countries in the world where online gambling is essentially legal (though the U.K. still hasn’-t sorted out all the laws it is creating to govern online betting)
many EU countries are literally at each others throats about how/when to tax internet gambling (principally because state-run lotteries are specifically carved out of the E.U. free trade agreements)
japan, australia and china have sever and horrible and harsh punishments for internet gambling
of course, pretty much all of the islamic world puts people to death or dismemberment for breaking qu’-ran-ic law – and gambling is totally and utterly forbidden under the qu’-ran
it is you who are “-of arbitrary morals”-. stick to blogging.
–
Insider’-s comment sounds informed, but he/she should have avoided the nasty last line.
“-Stick to blogging”- is an insult I was served with, recently, (by a UK-based financial trader), so I can relate. But that’-s never helpful. Educate that blogger, instead. You’-ll get a better ROI, believe me.
–
BetFair Education has now a sub-site within the BetFair blog.
BetFair Education
–
- The navigation is easy —-see the menu on the left-side sidebar.
- I encountered only one 404.
- They are using Movable Type, and not WordPress, alas.
- The list of posts is comprehensive.
- They could have integrated their events with Google Calendar —-just like the BetFair FireFox add-on does.
- The only bit of criticism I’-d make is that their betting “-knowledge”-, which they want to “-educate”- their traders with, is not based on economic science. I think the next revolution in betting is science-based betting knowledge and science-based betting tips. That’-ll happen outside of BetFair, I guess.
–
Both InTrade and NewsFutures are in the process of overhauling their website. We’-ll see within the next weeks what they have to offer.
–