Tag Archives: Ask Markets

Prediction markets are questions where the right answers pay back.

Prediction markets are questions where the right answers pay back. I like that. George Tziralis is brilliant. I have always said that that guy is brilliant.

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The prediction market consultants who matter —and the others who don’t

Who are the prediction market consultants who took part of the conversation prompted by the publication of the devastating story by The Economist? – Adam Siegel of Inkling Markets – Mat Fogarty of CrowdCast – George Tziralis of AskMarkets – … Continue reading

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“The forecasting ability of a tool should not be judged against a virtual fool-proof prophet, as such a tool simply cannot exist.”

“You’d better compare it with other existing tools or widely-used mechanisms, finally leveraging on the supremacy of one over the others.”

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Congrats to George Tziralis

For being mentioned among the best most prominent European entrepreneurs. AskMarkets will be a founding partner of the Open Institute Of Prediction Markets —I hope very much so. -

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At the contrary, mister Kirtland.

Contra Alex Kirtland, I believe that the development of play-money prediction exchanges using MSR (like HubDub or AskMarkets), which popularity is now proved, is much more important news than stuff about CFTC-regulated, real-money prediction exchanges (like HedgeStreet or the Cantor … Continue reading

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My open challenge to AskMarkets co-founder George Tziralis

Dear George, Congrats for the launch of AskMarkets. Best wishes to your prediction exchange and consulting firm. Here’s the perfect opportunity to ask you the “question that kills”: What was the social utility of the political election prediction markets during … Continue reading

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Mercury, Xpree, HubDub, Media Predict, The Sim Exchange, Ask Markets, iPredict New Zealand, Smarkets, Red Monitor, etc.: Will they be still with us next year?

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AskMarkets links its event derivative traders with FaceBook.

AskMarkets George Tziralis’s post A brand-new New York Times article about the social networking websites (like FaceBook and LinkedIn) and the age of “ambient awareness”. SOMEWHAT RELATED APPENDIX: I agree with our good friend Robert Scoble.

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Prediction Markets = marketplaces for information trading… and for separating the wheat from the chaff.

Our good friend George Tziralis: Markets bring people together, they sum up their information and transmit it through prices. [A prediction market is] a tool which can aggregate the opinions and knowledge of the many and transform these into a … Continue reading

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“Don’t ask the experts. Ask the prediction markets. They know better.”

I would rather say: Trust the experts, but do use an information aggregation mechanism to average their forecasts, so that you eliminate extreme forecasts. – - – Ask Markets -

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