Prediction Markets = Collective Forecasting = Collective Intelligence That Predicts

Category Archives: Midas Oracle Project

Changing the world thru organic marketing and more objective predictions?

I have a question for you, guys.
- Do you think we could all start a movement and change the world?
Midas Oracle = Internet Strategy + Collective Forecasting
Our approach:

Organic marketing
Objective forecasting

Our means:

Mastering both the Internet Force (PageRank) and the Predictive Force (accuracy and precision).
Evangelizing thru blogging and workshops.

Our ethics:

Tell the truth, and get results.
Don’t [...]

Prediction Markets on Midas Oracle

As you have seen, Ryan of HubDub have published about a bunch of play-money prediction markets that are hot this week. I hope that Ryan will come back each week to update us. This possibility to inform the Midas Oracle readers about the hottest prediction markets is of course offered to all the other prediction [...]

Should there be a Prediction Market Institute?

David Pennock:

Oops, a clarification: I meant one could ask “Should there be a Prediction Institute?”. I agree a Prediction Institute does not imply market-based, and that prediction and forecasting are roughly the same.
I was saying that in a way there already is a “Prediction Institute” and its called the “International Institute of Forecasters”.
I was thinking [...]

Track records + Prediction markets — Will they mix up well?

Yet another reason why we should *not* call it the “Prediction Market Institute”…
Nicholas Kristof:
So what about a system to evaluate us prognosticators? Professor Tetlock suggests that various foundations might try to create a “trans-ideological Consumer Reports for punditry,” monitoring and evaluating the records of various experts and pundits as a public service. I agree: Hold [...]

The 6 little things David Pennock didn’t tell you about the Prediction Market Institute

- #1. – It is not such a great idea to call it a “prediction market institute”, for the reasons that it excludes the non-market mechanisms and the other collective intelligence mechanisms. (See Daniel’s comment on the Pennock blog, here.) That said, it should focus on prediction markets —do you feel the nuance, doc?
- #2. [...]

The HHS–Sebelius prediction market might be (yet) another case-in-point for documenting velocity.

It is only today (February 19) that the New York Times emerges out of hibernation and headlines:
- Kansas Governor Seen as Top Choice in Health Post. — Gov. Kathleen Sebelius is emerging as President Obama’s top choice for secretary of health and human services.
Now, look at the red line in the HubDub chart below: the [...]

Accuracy —not

This year, the prediction markets did nail the Super Bowl 2009.

-
However, last year, they did not.

-
What I am trying to convey is that:

An argumentation on accuracy will sometimes win and sometimes lose. (For the Super Bowl, 2009 was a lucky year, and 2008, an unlucky year.)
An argumentation on (relative) efficiency (when the event is occurring [...]

The Open Institute Of Prediction Markets

This post is for hosting comments about my mass e-mail on the Open Institute Of Prediction Markets.

Hearthis post

The Open Institute Of Prediction Markets

To get informed about our attempt at creating, in 2009, “The Open Institute Of Prediction Markets“, you should:
- be a member of the LinkedIn group on Prediction Markets (we are 192 197, whereas John M’s group is only 77) —I will post info there;
- be a registered member of Midas Oracle (we are 116) —I will [...]

The Open Institute Of Prediction Markets

I am (finally) finished writing up the mission statement of The Open Institute Of Prediction Markets.
I have asked Mike Giberson, Mike Linksvayer, and (of course) David Pennock, to give me feedback, so I can see whether I am on the right track or not. If it’s the case, and once I have integrated their feedback, [...]

Search Midas Oracle

Search Midas Oracle

Post Categories