Accuracy and Efficiency of Prediction Markets

To sum up things…

And in other words:

1. The relative accuracy of the prediction markets = epsilon and (quite) controversial.
2. The relative efficiency of the prediction markets versus the mass media (not the vertical media) = big (in complicated situations), undeniable, and impermeable to inaccuracy.

Voila.

Part of the job of the Open Institute Of Prediction Markets will be to help documenting velocity. From there, we will develop some other projects.