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Tag Archives: a tool of curiosity
What is the real social utility of the InTrade prediction markets?
InTrade CEO John Delaney over-sells his prediction markets to a gullible journalist. – - Prediction markets are just an information aggregation mechanism (and also a collective anticipation mechanism), which highly depends on what the experts on the ground can discover. … Continue reading →
Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Finance
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Tagged a tool of convenience, a tool of curiosity, betting markets, credit rating agencies, event derivative markets, financial crises, Forecasting (Science & Practice), InTrade, John Delaney, Moody's, prediction markets, Standard & Poor's
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19 Comments
Can InTrade’s prediction markets really “contribute to solutions in avoiding future [financial] crises”?
- To the question asked in the title of this post, some have answered by the affirmative (“Prediction Markets Have a Big Role to Play”). In my view, it is wrong to overvalue the real social utility of the prediction … Continue reading →
Posted in All Best Posts Ever, Analysis (Meta), Exchanges & Markets, Finance, Forecasting (Science & Practice), Leading & Lagging Indicators, The Global Economy
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Tagged a tool of convenience, a tool of curiosity, betting markets, Ed Miracle, event derivative markets, financial crises, Forecasting (Science & Practice), I Told You So, InTrade, John Delaney, prediction markets
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8 Comments