Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Sheep and Wolves

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My post re-publishing the InTrade check received by Wiser Than The Crowd has been mis-interpreted by him. There was nothing about “hating the game” in my post. It was just a reference to the “sheep and wolves” concept floated by Robin Hanson. (See also the Iowa Electronic Markets research on their traders.)

Go reading more research papers, Erik.

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