Monthly Archives: April 2009

The Science Of Entrepreneurship

Dustin Curtis: Entrepreneurship is not just the process of having an idea and then building a business. A true entrepreneur has to predict the future. The idea that a businessperson is great because he had “built a company from the … Continue reading

Posted in Entrepreneurship | Tagged , , , , , | 2 Comments

How to deal with bombastic blogs

Via mister Cowgill —who should be happy I credit him. (“Don’t worry. Be happy.”)

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They wonder what happened to TradeSports, they question Google, and Google sends them to Midas Oracle (and not InTrade or Overcoming Whatever) —because only Midas Oracle will tell them *the truth* about prediction markets.

Since November 2008: And “tradesports” is only one keyword… among thousands.

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How To Build A Product With Your Community

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Chris Anderson of Wired Magazine & The Long Tail on Free: The four business models

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How do BetFair market betting to the Internauts?

As you know, Google AdWords and Google AdSense now take gambling ads that target the UK population. Yet, I don’t see that BetFair is advertising on Google Web Search, and I don’t see that many ads from bookmakers or sportbooks. … Continue reading

Posted in Exchanges & Markets, Internet Marketing - Internet Commerce, Search Engine Marketing, Search Engine Optimization | Tagged , , , , , , , , , , , , , , , , , , | 4 Comments

Expectation Propagation

Expectation Propagation (EP) is a technique in machine learning, developed by Thomas Minka. Expectation Propagation finds approximations to a probability distribution. It uses an iterative approach that leverages the factorisation structure of the target distribution.

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BetFair ToolBar for FireFox

BetFair ToolBar for FireFox… is not listed in the official FireFox listing of add-ons.

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The 2 abominable organizations of the week

This week’s villains: – U2′s manager, Paul McGuinness. – The Associated Press‘s chairman, Dean Singleton. (More here.) The statements from both of these nefarious organizations will lead me to boycott their products —starting today. PS: This video is hilarious…

Posted in Business, Prediction Journalism, The Internet | Tagged , , , | 1 Comment

Ten people are bidding on a stock at 90, while 100 people are offering to sell it at 91. What price is the next trade?

Slate: Interviewees often say that since there are more sellers than buyers, the sellers get to determine the price. That logic usually yields an answer between 90 and 91. That’s exactly wrong. “They’re not thinking about what’s going on in … Continue reading

Posted in Economics, Exchanges & Markets, Finance, Market Trading | Tagged , , | 2 Comments