Monthly Archives: January 2010

The people who know the most about finance are the people who work in it.

Which is why pseudonymed finance writers are needed.

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Prediction market blogger quits InTrade.

Ben Shannon: New Year Update Posted by Jesse Livermore on Sunday, January 3, 2010 I’ve been gone for a while. There just hasn’t been that much happening on Intrade, and I’ve been focusing on neuroscience. Intrade has definitely gotten tougher … Continue reading

Posted in Business, Exchange & Market Management, Exchanges & Markets, Internet Marketing - Internet Commerce, Prediction Journalism | Tagged , , , , , , , , , | Leave a comment

Which industry is more detrimental to society — finance or gambling?

Felix Salmon (#): Finance, at least in its virulent form of the past 20 years or so. Macau is in much better shape than Iceland, or Dubai. Millions of people genuinely believe they can and will get rich by day-trading … Continue reading

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The Golden Egg

I like this picture from the Spigit site. It carries a meaning:

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InTrade has a higher PageRank than BetFair. No change.

Google has just updated its external PageRank servers. (The PageRank is updated internally in a continuous way, but Google updates its external servers once a quarter or so.) – InTrade is 7/10. BetFair 6/10. HSX 6/10. HubDub 6/10. – BetFair’s … Continue reading

Posted in Analysis (Industry), Exchanges & Markets, Internet Marketing - Internet Commerce, Midas Oracle Statistics, Prediction Journalism, Search Engine Optimization | Tagged , , , , , , , , , , | 2 Comments

Robin Hanson: Prediction markets are interesting as forums, not methods.

“Prediction markets aren’t about emphasizing ordinary Joes over credentialed bigshots; they are about emphasizing whomever [] tends to be right.”

Posted in Analysis (Meta), Collective Forecasting, Collective Intelligence - Wisdom Of Crowds, Exchanges & Markets | Tagged , , , , , , , | Leave a comment

BetFair is the best innovation that happened to horse-race betting.

#1 innovation of the decade = Peer-to-peer wagering “In 2000 two men who liked to play card games and make a bet or two created the Ebay of betting –- an exchange where players could bet with each other.”

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Midas Oracle generated more than 100,000 pageviews in December 2009.

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