Monthly Archives: February 2009

Oscars 2009: Andrew Gelman weighs in.

Predictions that are too good to be true? – Statistical Modeling, Causal Inference, and Social Science

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Tim Harford is a paperback writer.

US edition (paperback): Tim Harford, The Logic Of Life – UK edition (paperback): Tim Harford, The Logic Of Life -

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“We nailed all 50 states.”

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I just approved some new comments this morning. Check them out.

- Panos, here, responding to Daniel. – Panos, here, responding to Jenni. – The TriatheMatician, here, analyzing the stats. – - Once your first comment is approved on Midas Oracle, all your further comments are published automatically without any need … Continue reading

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“Guessing all the frontrunners correctly is something to brag ONLY if the reported confidences are high enough.”

“If they are not and you get them all correctly, then the markets have biases and are NOT accurate.”

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Data), Exchanges & Markets, Forecasting (Science & Practice), Market Prices & Probabilities | Tagged , , , | 2 Comments

A portfolio instead of a diploma

Excellent idea. It inaugurates my new “Education” category and tag.

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“Entrepreneur” is a French word, Nate.

Nate Kontny of Inkling Markets – @ University of Illinois at Urbana-Champaign, Illinois, U.S.A. – 2009-02-25

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Outstanding post by Eliezer Yudkowsky

Check it out. How to prepare for the worst… now.

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Boom and Bust of Prediction Markets

The boom of public and private prediction markets started after the 2004 US elections. InTrade claimed to have nailed “all 50 states”. InTrade’s performance in the 2008 US elections was less stellar, and in line with polls. Hence, the bust … Continue reading

Posted in Analysis (Data), Analysis (Industry), Exchanges & Markets | Tagged , , , | 15 Comments

A Mystery Wrapped In A Riddle Inside An Enigma

How come HubDub managed to get it right, when all the major prediction exchanges (BetFair, HSX, InTrade, NewsFutures, and even Nate Silver) all saw Mickey Rourke? – 81st Academy Awards: Who will win the Oscar for Best Actor?

Posted in Analysis (Accuracy & Precision), Exchanges & Markets, Market Expiry, Market Prices & Probabilities | Tagged , , , , , | 5 Comments