Tag Archives: decision-making tool

The Case for Decrimininalization of Prediction Markets

[This article is cross-posted from Major Wager.] – A recent article in the prestigious academic journal Science (May 16, 2008, Vol 320, p. 877-8) once again makes the case for regulated prediction markets, more commonly known as “betting exchanges” to … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Industry), Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

BetFair’s Global Warming Prediction Markets — CFM’s Views

GOOD NEWS: BetFair-TradeFair are minding the prediction markets. BAD NEWS: There is a bunch of chaps at BetFair who are monkeying around with the concept of prediction markets. — THEIR INTENT IS NOBLE. Mark Davies, Betfair’s Managing Director Corporate Affairs, … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchange Genesis, Exchanges & Markets | Tagged , , , , , , , , , , , , | 1 Comment

I think Robin’s being too hard on himself.

That’s what I was told by someone who knows him [Robin Hanson] for more than just years. So I figured out I should write up a little something, especially since I saw this morning that my previous blog post (Is … Continue reading

Posted in Analysis (Meta), Inventions & Innovations | Tagged , , , , , , , , , , , | 1 Comment

Decision-Making Tool vs. Decision-Aid Tool — Decision Markets Edition

#1. Decision-Making Tool – Decision markets are conditional prediction markets intended (by some idealists) to be used as a decision-making tool replacing human decision makers. #2. Decision-Aid Tool – Decision markets are conditional prediction markets intended to be used as … Continue reading

Posted in Analysis (Meta), Collective Decision Making, Collective Forecasting, Exchanges & Markets | Tagged , , , , , , | 3 Comments