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Emile wants us to trade on play-money prediction markets. David wants us to eat healthy so as to avoid cancer.
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Daily Archives: October 13, 2008
Midas Oracle thanks these guys for participating (by publishing posts and/or comments) in our ongoing discussion about the social utility of the prediction markets.
Tom W. Bell – Tom Bell – Post Archive at Midas Oracle – (Post Feed) – Professor – Law (Chapman University) – Blog: Agoraphilia – California, U.S.A.
Caveat Bettor [pseudonym] – Post Archive at Midas Oracle – (Post Feed) – Event Derivative Trader – Blog: Caveat Bettor – North America
Bo Cowgill – Post Archive at Midas Oracle – (Post Feed) – Quantitative Marketing Manager – Google – Blog: Bo Cowgill – California, U.S.A.
Nigel Eccles – Post Archive at Midas Oracle – (Post Feed) – CEO – HubDub – Blog: HubDub – Scotland, United Kingdom, E.U.
Michael Giberson – Mike Giberson – Post Archive at Midas Oracle – (Post Feed) – Energy Economist (Center for Energy Commerce, Rawls College of Business, Texas Tech University) – Site: Michael Giberson – Blog: Knowledge Problem – Texas, U.S.A.
Robin Hanson – Post Archive at Midas Oracle – (Post Feed) – Professor – Economics (George Mason University) – Blogs: Overcoming Bias – Virginia, U.S.A.
Chris Hibbert – Post Archive at Midas Oracle – (Post Feed) – Software Architect (Zocalo) – Site: My Druthers – Blog: PanCrit – California, U.S.A.
Alex Kirtland – Post Archive at Midas Oracle – (Post Feed) – Internet Usability Expert – Blog: Usable Markets – New York, U.S.A.
Mike Linksvayer – Post Archive at Midas Oracle – (Post Feed) – Vice-President of Creative Commons – Blog: Mike Linksvayer – California, U.S.A.
David Pennock – Post Archive at Midas Oracle – (Post Feed) – Principal Research Scientist at Yahoo! – Yahoo! Research – Blog: Odd Head – New York, U.S.A.
Jason Ruspini – Post Archive at Midas Oracle – (Post Feed) – Financial Research Analyst, Vice President at Conquest Capital Group – Blog: Risk Markets &- Politics – New York, U.S.A.
Emile Servan-Schreiber – Post Archive at Midas Oracle – (Post Feed) – CEO – NewsFutures – Blog: NewsFutures – Maryland, U.S.A. &- France, E.U.
Adam Siegel – Post Archive at Midas Oracle – (Post Feed) – CEO – Inkling Markets – Illinois, U.S.A.
Koleman Strumpf – Post Archive at Midas Oracle – (Post Feed) – Professor – Economics (University of Kansas) – Kansas, U.S.A.
George Tziralis – Post Archive at Midas Oracle – (Post Feed) – Doctoral Researcher – National Technical University of Athens – George Tziralis’-s Home Page – Site: Ask Markets – Greece, E.U.
Eric Zitzewitz – Post Archive at Midas Oracle – (Post Feed) – Professor – Economics (Dartmouth College) – Site: Zitzewitz.net – California, U.S.A.
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Pssttt…- Let me know if I should make a change in a label, or add a link, or else.
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How the prediction market companies should weather the upcoming economic crisis
TradeFair was first branded as a serious financial prediction exchange, but it didnt work out, and TradeFair is now actually an operator that applies gambling (not betting) to the financial markets.
Take a look at their ad:
Three remarks:
- They got carried away from the prediction market approach (which, unlike InTrade, they never understood fully, anyway).
- This gambling approach of the marketing of the prediction markets is very interesting in terms of potential revenue growth. I encourage InTrade, TradeSports, BetFair, NewsFutures and HubDub to adopt it.
- However, it remains to be seen whether TradeFair is the right venue for gambling. TradeFair was supposed to be a serious financial prediction exchange (the British equivalent of HedgeStreet), and it is now the online equivalent of Macao or Las Vegas. Hummm…- Will these 2 different worlds mix well together? Could La Callas sell pork sausages? Could Yehudi Menuhin sell used condoms?
- And I won’-t mention the issue of problem gambling, which I predict will be made worse thanks to TradeFair Hi &- Lo and BetFair Arcades.
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Once the previous bet is resolved, you can start off anew with another 5-minute bet on the FTSE —-from the level that was the basis for the settlement of the previous bet.
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