Prediction Markets = Collective Forecasting = Collective Intelligence That Predicts

The Robin Hanson-inspired, real-money, conditional prediction markets at InTrade are a world-wide disaster of thermonuclear proportion, concludes the long-time Robin Hanson fanboy who forked over real money to InTrade to have them set up and run.

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[...] I conclude those four contracts did not provide valuable information about how the [2008 US presidential] election would affect the world.

Dixit Peter McCluskey.

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