Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: columnist

PREDICTION MARKETS HAVE ARRIVED: Bloomberg columnist shames India’s government FOR NOT USING prediction markets to forecast demand.

WOW. This is big.
Andy Mukherjee:
[...] Finally, demand estimation is too important to be left entirely to experts.
Companies such as Google Inc. are harnessing the power of prediction markets — which gather information from a large number of participants — to generate useful forecasts.
There’s no reason why governments can’t do the same.
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Great idea.
Let’s shame the 95% [...]

Good news: The BetFair blog now features a prediction market column. — Bad news: Their columnist is an anonymous writer with long hair… and dubious skills.

How low can BetFair go with their so-called blog? They are descending so low that they may find out oil in the Hammersmith undergrounds.
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Good news: They have a new columnist who tries to apply the prediction market approach. He even uses my two favorites tags, “prediction markets” and “prediction exchanges“. Good —although, the last one [...]

My understanding was that she wasn’t Treasury secretary in the Clinton administration, so I don’t know exactly what experiences she’s claiming.

Barak Obama on Hillary Clinton. Everybody laughed. New York Times columnist Maureen Dowd (in a November column) continues:
Hillary [Clinton] did not show good judgment in her areas of influence — the legal fiefdom, health care and running oppo-campaigns against Bill’s galpals.
“She hasn’t accomplished anything on her own since getting admitted to Yale Law,” wrote Joan [...]

New York Times columnist Roger Cohen outputs a completely imbecile Op-Ed on the wisdom of crowds and Media Predict.

Is There Wisdom in Crowds? $$$
Free version here, via George Tziralis.
Nowhere does Roger Cohen talk about the information aggregation mechanisms and compare them. Useless prose. Give us more of Steve Levitt instead.

PODCAST: New Yorker columnist James Surowiecki on the wisdom of crowds

Via the Inkling blogger, BNET. His interview starts at the middle of the podcast.

Can Prediction Markets Help Eliminate Poverty?

In the 19th century, classical liberal thinkers such as William Graham Sumner were clear about the institutions that had produced the amazing increases in the standard of living which were taking place at the time:
“Some men have been found to denounce and deride the modern system – what they call the capitalist system. The [...]

Jim Cramer’s Market Manipulation 101

Jim Cramer:
The Least I Owe You
By Jim Cramer
RealMoney.com Columnist
3/22/2007 6:29 AM EDT
You may have seen some articles the past several days attacking me about an interview I gave recently where I discussed the kinds of manipulative trading practices that go on every day in the investing community. Let me say this: No one knows and [...]

This is a really tough decision. War may well be the right decision at this point. In fact, I think it–it’s–it–it probably is.

So said Time columnist Joe Klein just before the Iraq war. And now, Joe Klein pretends that he was all against this Iraq war from day one.
Joe Klein is just the latest of the so-called “MSN” pundits caught red-handed by the political bloggers. Scientist (and leftist blogger) Sean Caroll gives you all the details of [...]

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