Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: adoption

If prediction market advocates are so confident, why aren’t their claims more specific?

Jed Christiansen was kind enough to reply to my post: If prediction markets are so good at forecasting, why aren’t they being used much more widely?
#1. (Public or enterprise) traders mainly bring to the exchange some bits of information they acquired from some official or semi-official sources. The enterprise traders bring in the information they [...]

If prediction markets are so good at forecasting, why aren’t they being used much more widely?

Jed Christiansen has an awesome industry analysis … which I will disagree with.

Number one, I don’t understand why information aggregation would be a “bottom-up” approach (as opposed to “top-down”). Our traders bring bits of information to the market —but these bits of information were originally produced by the traditional sources (news, political polls, [...]

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