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“Wisdom of crowds” in popular culture, again
“The wisdom of crowds” has apparently seeped a bit into popular culture, or at least the geekier end of it.
On the heels of British illusionist Derren Brown’s invoking of “the wisdom of crowds” as a (false) part of his explanation of how he appeared to predict winning lottery numbers, last night a character in the [...]
What’s the big deal about the fluff on prediction markets in The Economist?
Chris Masse has posted several times about the recent piece on prediction markets in The Economist. Among his recent grand pronoucements:
“If you are a prediction market consultant, and have nothing to say about the negative piece from The Economist, then you don’t matter anymore.”
Really?
What is it that The Economist said that prediction market consultants should [...]
Where is the post-election academic conference on prediction market performance?
Giberson asks, “Where is the 2008 post-election academic conference on prediction market performance going to be?”
Is the promise of prediction markets in the United States best explored in limited, small stakes markets under a CFTC safe harbor declaration?
I haven’t turned up the latest edition of Science magazine mentioned yesterday by Chris F. Masse, but a version of the Science article “The Promise of Prediction Markets“, is available from the AEI Center for Regulatory and Market Studies (find link to article on this page).
The first thing of note is that the extensive list [...]
The CFTC takes a necessary step toward sorting out its role with respect to prediction markets.
As noted here in multiple posts over the past few days, the U.S. Commodity Futures Trading Commission is thinking about prediction markets. Last week it released a “Concept Release on the Appropriate Regulatory Treatment of Event Contracts” and invited public comments on several questions as it attempts to sort out its proper role, if any, [...]
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