Prediction Markets + Market Predictions = Collective Forecasting That Pays Off
3:15 into:
Previously: David Letterman slept with *many* female members of his staff.
Next: “I have to agree with Chris. The market participants did not possess a sufficient level of information completeness to arrive at the correct prediction.”
Previously: The Chicago candidacy, which was favored by the prediction markets (and gullible bettors like Ben Shannon), is the one that fared the worst.
Previously: Chicago won’t have the Olympics in 2016.
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