Monthly Archives: March 2011

Justin Wolfers and his wife — [RANT AGAINST FEMINIZATION]

He has no freedom to buy. His wife manages his money. Subtitle: Voluntary castration, Wife as new mom. The feminization of the society is a great scourge. [E-mail me to direct me to English-speaking thinkers of feminization, so I can … Continue reading

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Idiots believe in earthquake prediction markets. — [PREDICTION MARKET CHART]

That’s how you spot them: They would believe in anything. [*] There can’t be any usefulness in earthquake prediction markets since science does not give us any leading indicators. (Assessing the risk of a nuclear plant melting is another issue.) … Continue reading

Posted in Analysis (Meta), Collective Forecasting, Collective Intelligence - Wisdom Of Crowds, Exchange & Market Management, Exchanges & Markets, Market Contract Statements, Market Liquidity, Market Prices & Probabilities, Predictions - Forecasts | Tagged , , , , , , , , , , | Leave a comment

Prediction market stability makes prices informative, while prediction market instability generates liquidity. — [ANALYSIS]

Andrew Gelman finds Rajiv Sethi’s remarks interesting: Markets are impressive mechanisms for information aggregation but they’re not magic. The information has to come from somewhere, and markets are inherently always living in the phase transition between stability and instability. (It … Continue reading

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100% Pure Cockiness — [EVIDENCE]

The Good Judgment: Prediction markets can harness the ‘wisdom of crowds’ to solve problems, develop products, [*] and make forecasts. These systems typically treat collective intelligence as a commodity to be mined, not a resource that can be grown and … Continue reading

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What’s up with Emile Servan-Schreiber? — [LINK]

At Lumenogic (ex-NewsFutures), he practices “InnerViews“. Cool.

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PAUL GRAHAM ON THE APPLE MONOPOLY: “Doesn’t Steve Jobs see that he’s the mean dictator in that old Apple ad?” — [REBUTTAL]

Then, why Paul Graham doesn’t start up a competitor of Apple? Would make tons of money, since consumers hate the so-called Apple monopoly, right? ANSWER: Because Steve Jobs took the right decisions. Plus, those who hate iOS devices can still … Continue reading

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iOS devices (iPhone, iPad, iPod Touch) will *never* allow scripts. — [PREDICTION]

Brian Chen is so wrong. If you allow scripts, you enable spammers and scammers. Steve Jobs does not want that on his post-PC devices. He is so right. Keep in mind that the next generation of smartphones will have RFID-NFC … Continue reading

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Paul Graham: Startups use technology to make technology. — [VIDEO]

Bloomberg TV.

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Research on how people use the knowledge they have to develop expectations about the future and what sorts or processes and strategies lead to success — [STUDY]

Philip E. Tetlock et al.: Prediction markets can harness the “wisdom of crowds” to solve problems, develop products, and make forecasts. These systems typically treat collective intelligence as a commodity to be mined, not a resource that can be grown … Continue reading

Posted in Economics, Exchanges & Markets, Forecasting (Science & Practice), Psychology, Research | Tagged , , , , , , , , , , , , , | 4 Comments

Rajiv Sethi responds to Jason Ruspini. — [ANALYSIS]

Rajiv Sethi: I don’t see a huge problem with what Nate did either (especially since he added the caveat that he disagreed with some of the imputed beliefs). My point was just that there a lot more interesting information in … Continue reading

Posted in Analysis (Meta), Collective Forecasting, Collective Intelligence - Wisdom Of Crowds, Economics, Exchanges & Markets | Tagged , , , , , , , , , , | 2 Comments