Prediction Markets = Collective Forecasting = Collective Intelligence That Predicts
Excellent formulation by Mike Linksvayer.
Tells a lot about the usage of the prediction market probablities, and how we should market them to people. BetFair, InTrade and TradeSports, are you listening?
I check prices at Intrade most days, which gives me a more accurate and much more concise status update than any amount of time spent reading or watching commentary.
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