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.
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
- Jed Christiansen of Mercury
“You’d better compare it with other existing tools or widely-used mechanisms, finally leveraging on the supremacy of one over the others.”
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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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 Exchange), which popularity is uncertain.
Inkling Markets, HubDub and AskMarkets have been techcrunched —that has not [...]
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 the 2008 campaign?
In other words, why should the media have informed people about the InTrade probabilities at a [...]
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.
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 meaningful result.
Markets arise as the ideal tool to crowdsource cognitive tasks and arrive at consensus results which [...]
I would rather say: Trust the experts, but do use an information aggregation mechanism to average their forecasts, so that you eliminate extreme forecasts.
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Ask Markets
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George Tziralis should have refined a bit the statement he made in the first video below —statement which I have slightly modified in the title above. We need inputs from the primary, advanced indicators, the experts, and the prediction markets. We need all of that. The prediction markets will never eliminate either the polls or [...]
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