Why you won’t hear Robin Hanson et al. about the Chicago Olympics prediction market disaster

- Because they are not interested in telling you the truth about prediction markets.

- They are interested in propagating a myth, rather.

- Don’t pay $400 for a vendor phone-booth conference on prediction markets, where their merits are hyper inflated to serve commercial purposes. Stay at home and read Midas Oracle.

Previously: The Chicago candidacy to host the Olympics, which was favored by the prediction markets (and gullible bettors like Ben Shannon), is the one that fared the worst.

Previously: Will Chicago get the Olympics? Don’t bet on it. Too risky.

Next: Could we have divined that Chicago was a lemon?