Prediction Markets + Market Predictions = Collective Forecasting That Pays Off
Emile Servan-Schreiber of NewsFutures (responding to Paul Hewitt):
[...] The hard part, the real hurdles to acceptance are (i) to get wide and consistent participation, (ii) to overcome the suspicion of decision makers who naturally don’t like to be second-guessed by subordinates, (iii) to get the organization to agree to ask important questions instead of trivial ones.
Go also read Paul Hewitt’s take on Emile’s latest paper.
Chris F. Masse on American Civics Exchange = CFTC-regulated Exempt Board of TradeChris F. Masse on The Real Arithmetic Of The Health Care Reform
Paul Hewitt on The Real Arithmetic Of The Health Care ReformChris F. Masse on The Real Arithmetic Of The Health Care Reform
Jason Ruspini on Nate Silver: InTrade probability on ObamaCare is quite right.Jason Ruspini on “In 1965, Congress said Medicare would cost $9 billion by 1990. In reality, it cost $67 billion –seven times more than the prediction.”Paul Hewitt on The Real Arithmetic Of The Health Care ReformChris F. Masse on “In 1965, Congress said Medicare would cost $9 billion by 1990. In reality, it cost $67 billion –seven times more than the prediction.”Chris F. Masse on “In 1965, Congress said Medicare would cost $9 billion by 1990. In reality, it cost $67 billion –seven times more than the prediction.”Chris F. Masse on “In 1965, Congress said Medicare would cost $9 billion by 1990. In reality, it cost $67 billion –seven times more than the prediction.”