Tag Archives: financial crises

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

Can InTrade’s prediction markets really “contribute to solutions in avoiding future [financial] crises”?

- To the question asked in the title of this post, some have answered by the affirmative (“Prediction Markets Have a Big Role to Play”). In my view, it is wrong to overvalue the real social utility of the prediction … Continue reading

Posted in All Best Posts Ever, Analysis (Meta), Exchanges & Markets, Finance, Forecasting (Science & Practice), Leading & Lagging Indicators, The Global Economy | Tagged , , , , , , , , , , | 8 Comments