Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Google Trends

Could Google Have Caught Swine Flu (a.k.a. Mexican Flu, or H1N1) Early?

Predicting the Present with Google Trends

Predicting the Present with Google Trends – (PDF file) – by Al Varian et al.
Google Trends + Google Insights For Search
Via Prof Levitt
Previously: Flu predictions based on querying behavior (on Google and Yahoo!) are somewhat less impressive than simply looking to the recent past of flu levels.

Flu prediction markets can correct Google Flu Trends.

2 practicing physicians laugh at using collective intelligence for nation-wide flu detection:
[...] Flu Trends tracks almost perfectly with data on influenzalike illnesses that the CDC obtains from doctors’ offices. And as an added bonus, Flu Trends detects outbreaks up to two weeks earlier, when people are still sitting at home sneezing into their keyboards. [...]
But [...]

Google vs. Prediction Markets — Which of the 2 will detect the flu, first?

An Irish research team hopes to make accurate forecasts of key public health indicators.
University College Cork (UCC) School of Medicine + Intrade
Dr Dylan Evans:
Prediction markets are [specialized], small-scale financial markets operated to predict future events. The idea is that the collected knowledge of many people, each with a different perspective, will be more accurate than [...]

Google Trends, as seen by Jason Carver

That smart young man (well, smarter than I am, at least) configured Google Trends so we can make comparisons between TradeSports, InTrade, BetFair and the keyword “prediction markets”.
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With BetFair:

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Without BetFair:

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Google Trends of TradeSports, InTrade, BetFair, and “prediction markets”

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Who needs the Iowa Health Prediction Exchange anymore now that we have Google Flu Trends?

- Google Flu Trends
- Iowa Health Prediction Market
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BBC
New York Times
WSJ Health blog
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Monitor the web traffic of TradeSports.com, InTrade.com, BetFair.com, Betdaq.com, NewsFutures.com, HubDub.com, etc. —thanks to Google Trends.

Via Matt Cutts
Google Trends for Websites
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TradeSports.com
InTrade.com
BetFair.com
Betdaq.com
NewsFutures.com
HubDub.com
etc.
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UPDATE: Click on this SAI story to have the laugh of your life…!!!…
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Spot the red line. The future of prediction market journalism is on blogs —not on dead-tree media. (((Well, all dead-tree media have blogs, now.)))

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