Tag Archives: credit rating agencies
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. Prediction markets are not a magical tool. Event derivative traders are like bees; they harvest information and the [...]
Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Finance
|
Also tagged a tool of convenience, a tool of curiosity, betting markets, event derivative markets, financial crises, InTrade, John Delaney, Moody's, prediction markets, Standard & Poor's, Traditional Forecasting
Recent Comments