Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Daniel Kahneman

Is the promise of prediction markets in the United States best explored in limited, small stakes markets under a CFTC safe harbor declaration?

I haven’t turned up the latest edition of Science magazine mentioned yesterday by Chris F. Masse, but a version of the Science article “The Promise of Prediction Markets“, is available from the AEI Center for Regulatory and Market Studies (find link to article on this page).
The first thing of note is that the extensive list [...]

Bob Hahn turns the PETITION into a CONSENSUS.

Bob Hahn turns lead into gold.

Via Google’s Bo Cowgill, Robert Hahn and Paul Tetlock’s Op-Ed in the Wall Street Journal (mirror at AEI-Brookings – mirror at AEI):
[...] These markets often predict more accurately than experts. Why? They draw on the knowledge of people who might otherwise be ignored. Their anonymity frees participants from pressures to [...]

Economists’ Petition on Prediction Markets

Statement on Prediction Markets – (Click here to read the abstract and download the petition from the SSRN site) – by Kenneth J. Arrow, Robert Forsythe, Michael Gorham, Robert Hahn, Robin Hanson, Daniel Kahneman, John O. Ledyard, Saul Levmore, Robert Litan, Paul Milgrom, Forrest D. Nelson, George R. Neumann, Charles R. Plott, Thomas C. Schelling, [...]

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