Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

“Long after Intrade gave a 99% chance for an Obama victory, CNN announced him as the winner, predictably at 11pm EST on-the-dot.”

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Because CNN wanted a 100% certainty, Jason.

You are mixing up oranges and bananas, here.

2 Comments to “Long after Intrade gave a 99% chance for an Obama victory, CNN announced him as the winner, predictably at 11pm EST on-the-dot.”

  1. November 12, 2008 at 7:11 PM | Permalink

    When I’m interested in Vitamin C, I do compare bananas and oranges, but hey you have 1% of a point.. well, less after commissions. :)

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