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. … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Finance | Tagged , , , , , , , , , , , | 19 Comments