Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Category Archives: Inventions & Innovations

Dear MO reader: Why you should try Predictalot

Why should you try Predictalot?

Gamers: Make almost any prediction you can think of about March Madness, the NCAA men’s basketball tournament.
Sports fans: Check the crowd’s odds: Is St. Mary’s the next Cinderella?
Economists: Play with a true combinatorial prediction market with 9.2 quintillion outcomes and a single pool of liquidity, unlike almost any other of today’s [...]

US Patent Office patents Amazon’s one-click shopping cart. — Will it impact our Web-based prediction exchanges?

US Patent Office patents Amazon’s one-click shopping cart.
Mike Masnick disproves.
Any impact for the prediction market / betting market industry?

Bloom Box on CBS 60 Minutes – [VIDEO]

Bloom Energy
Bloom Box explainer
Gizmodo on the Bloom Box
Wikipedia on the Bloom Box

Smarkets better than BetFair and InTrade

Smarkets now allows you to set your own odds in the format of your choice — percentages, fractions, decimals, or American odds.

External Link: Smarkets

In the universe of Steve Jobs, personal vision trumps the wisdom of the crowd. He’s ready when he thinks we’re ready.

New York Times:
Great products, according to Mr. Jobs, are triumphs of “taste.” And taste, he explains, is a byproduct of study, observation and being steeped in the culture of the past and present, of “trying to expose yourself to the best things humans have done and then bring those things into what you are doing.”
His [...]

The difference between invention and innovation

Michael Masnick:

Do not fuck with data visualization

Download this post to watch the video —if your feed reader does not show it to you.

Ray Kurzweil (Robin Hanson’s guru) got his 1999-2009 predictions … all wrong.

- Michael Anissimov: Kurzweil’s Failed 2009 Predictions
- More at the Next Big Future — (an excellent blog)
UPDATE

Platforms, markets, and bytes

Sean Park:

Download this post to watch the video —if your feed reader does not show it to you.

Algorithms that execute thousands of trades per second

Automated transactions executed at lightning speed

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