Category Archives: Prediction Post-Mortem

Once again, Robin Hanson exaggerates the usefulness of the prediction markets. — [ANALYSIS]

InTrade’s prediction markets on the recent Arab revolutions didn’t bring anything interesting in our understanding of the Middle East. Robin Hanson’s insistence is absurd.

Posted in Analysis (Accuracy & Precision), Exchanges & Markets, Forecasting (Science & Practice), Prediction Post-Mortem | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

FORECASTING THE ECONOMY: Keynesian Economics vs. Austrian Economics — [VIDEO]

The 2 videos are designed to convince you that the Austrians’ economic predictions are more accurate. The first video has an intro in French, sorry for that, but the rest of the video is in English (with French subtitles). Keynesians’ … Continue reading

Posted in Economics, Finance, Financial Markets, Forecasting (Science & Practice), Prediction Post-Mortem, The Global Economy | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

InTrade’s prediction markets on secretive events are just an Irish scam. — [ANALYSIS]

Paul Hewitt: How do we know the Intrade price was not accurate? Well, the raid wasn’t just executed on a whim. It had been planned for quite some time. Therefore, the true likelihood must have been much higher than the … Continue reading

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Meta), Exchanges & Markets, Forecasting (Science & Practice), Market Expiry, Market Liquidity, Market Prices & Probabilities, Prediction Post-Mortem | Tagged , , , , , , , , , , , , , , , | Leave a comment

InTrade on the elimination of Osama Bin Laden — [ANALYSIS]

Mike Giberson: How do we know, now, that Intrade’s market price was not an accurate estimate of the probability bin Laden was killed or captured by September 2011? Is an prior estimate of 50 percent likelihood that a tossed coin … Continue reading

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Meta), Exchanges & Markets, Market Expiry, Market Prices & Probabilities, Prediction Post-Mortem | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

InTrade was not able to predict the elimination of Osama Bin Laden. — [PREDICTION POST-MORTEM]

I already blogged about the big fail of the prediction markets. Here’s more from the NYT, Eddy Elfenbein, and Barry Ritholtz.

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Meta), Exchanges & Markets, Forecasting (Science & Practice), Market Expiry, Market Liquidity, Market Prices & Probabilities, Prediction Post-Mortem | Tagged , , , , , , , , , , , , , , | 4 Comments

An Analysis of the Accuracy of Forecasts in the Political Media — [PAPER]

An Analysis of the Accuracy of Forecasts in the Political Media – PDF file.

Posted in Analysis (Accuracy & Precision), Forecasting (Science & Practice), Journalism, Prediction Post-Mortem | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Why you should never trust John Battelle’s opinion on tech — [PREDICTION POST-MORTEM]

- John Battelle pumped up “Color” at inception, and now we have confirmation that it is a lemon. – John Battelle badmouthed the iPad at inception, and now we know that it is revolutionizing computing.

Posted in Analysis (Accuracy & Precision), Inventions & Innovations, Prediction Post-Mortem | Tagged , , , , , , , , , | Leave a comment

U.S. Supreme Court Prediction Market — [PAPER]

Recently posted to SSRN: FantasySCOTUS: Crowdsourcing a Prediction Market for the Supreme Court, a draft paper by Josh Blackman, Adam Aft, & Corey Carpenter assessing the accuracy of the Harlan Institute’s U.S. Supreme Court prediction market, FantasySCOTUS.org. The paper compares … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Accuracy & Precision), Analysis (Market Proposals), Exchanges & Markets, Market Prices & Probabilities, Prediction Post-Mortem | Tagged , , , , , , , , , , , | Leave a comment

InTrade was not able to predict anything regarding the Fukushima nuclear energy plant. — [PREDICTION POST-MORTEM]

Contra to Robin Hanson, Justin Wolfers and James Surowiecki (who all have exaggerated the usefulness of the prediction markets), collective forecasting is not a tool we can rely on for just anything. As I wrote in the past, we need … Continue reading

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Collective Forecasting, Collective Intelligence - Wisdom Of Crowds, Exchanges & Markets, Market Expiry, Market Liquidity, Market Prices & Probabilities, Prediction Post-Mortem | Tagged , , , , , , , , , , , , , , , , , , , , | 1 Comment

The Japanese professor who predicted the nuclear disaster — [PREDICTION POST-MORTEM]

Ishibashi Katsuhiko: I had warned that a major earthquake would strike the Chuetsu region around Kashiwazaki, Niigata Prefecture, and about the fundamental vulnerability of nuclear power plants. The 6.8 magnitude temblor of July 16 caused considerable damage to the Kashiwazaki-Kariwa … Continue reading

Posted in Analysis (Accuracy & Precision), Inventions & Innovations, News, Prediction Post-Mortem, Science | Tagged , , , , , , , , , , , | Leave a comment