I have in mind 3 parallel ways of naming that organization.
As for the IIF, the big difference with our project is that we will craft a “cause” that will go beyond our prediction market circle. As I repeated many times, the key is to make allies from outside of the field of prediction markets. The IIF does not have a “cause” and does not have powerful allies —we will.
Stay tuned… Next week will be crucial… I will have talks with PM people…
Previously: The 6 little things David Pennock didn’t tell you about the Prediction Market Institute
Oops, a clarification: I meant one could ask “Should there be a Prediction Institute?â€. I agree a Prediction Institute does not imply market-based, and that prediction and forecasting are roughly the same.
I was saying that in a way there already is a “Prediction Institute†and its called the “International Institute of Forecastersâ€.
I was thinking out loud whether the word “Prediction†is too broad. Then again, Chris Masse makes sense when he argues that the organization can keep “market†out of the name and still have a pretty heavy emphasis on markets and related “crowd wisdom†techniques.