Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Author Archives: Michael Strong

Can Prediction Markets Help Eliminate Poverty?

Written by Michael Strong on May 4, 2007 — Leave a Comment

In the 19th century, classical liberal thinkers such as William Graham Sumner were clear about the institutions that had produced the amazing increases in the standard of living which were taking place at the time:
“Some men have been found to denounce and deride the modern system – what they call the capitalist system. The [...]

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Robin Hanson as Prospective Economics Nobel Laureate

Written by Michael Strong on April 22, 2007 — 2 Comments

Contra Robin’s recent claim that he has failed both the market and the academic test,
I’ll take credit for creating some ideas the world has found useful, but I have completely failed both the market test and the academic test. That is, I can’t convince any business to let me join them to deliver my ideas [...]

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Seeking Presenters for a “Prediction Markets in Philanthropy” Conference

Written by Michael Strong on February 12, 2007 — 1 Comment

I’ve been asked to design and convene a small, private conference designed to introduce foundation leaders to the concept of prediction markets to evaluate prospectively the effectiveness of philanthropic gifts. An article I wrote, “How to Avoid Wasting $60 Billion in K-12 Educational Philanthropy” includes a speculative application of prediction markets in the domain [...]

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