Tag Archives: Iowa Electronic Markets

Wolfy is cited FIVE TIMES in this prediction market story.

Political prediction markets @ Politico –> The sur-excited Wolfy exaggerates the usefulness of the prediction markets. –> ‘Yay, free markets!… Greed is good!… Yep, people respond to incentives!… Markets work!… Capitalism triumphs.’

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Meta), Collective Forecasting, Collective Intelligence - Wisdom Of Crowds, Exchanges & Markets, Forecasting (Science & Practice), Market Liquidity, Market Prices & Probabilities, Prediction Post-Mortem, Predictions - Forecasts | Tagged , , , , , , , , , , , , , , | Leave a comment

Iowa Electronic Markets’s George Neumann on InTrade prediction markets for Lloyd Blankfein resignation: “it’s in bad taste”.

George, les goûts et les couleurs, ça ne se discute pas.

Posted in Business, Ethics, Exchanges & Markets, Finance, Market Genesis, Market Liquidity, Market Prices & Probabilities, Predictions - Forecasts | Tagged , , , , , , , , , , , , , | 1 Comment

The relative advantage of prediction markets (over conventional means of forecasting, namely polls and statistical models) is remarkably… SMALL.

Sharad Goel: In a new study, Daniel Reeves, Duncan Watts, Dave Pennock and I compare the performance of prediction markets to conventional means of forecasting, namely polls and statistical models. Examining thousands of sporting and movie events, we find that … Continue reading

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Market Efficiency), Analysis (Meta), Collective Forecasting, Collective Intelligence - Wisdom Of Crowds, Exchanges & Markets, Forecasting (Science & Practice), Market Prices & Probabilities | Tagged , , , , , , , , , , , , , | Leave a comment

Professor Thomas Rietz (Iowa Electronic Markets) was so wrong on the usefulness of prediction markets about the 2016 Summer Olympics in Chicago.

Chicago Olympic Market Might Have Value, Says Reitz (Chicago Tribune, April 17) A credible source of information about Chicago’s chances of hosting the 2016 Olympics would have value, says columnist Bill Barnhart. Local real estate developers, hotel operators, employment agencies, … Continue reading

Posted in Analysis (Accuracy & Precision), Exchanges & Markets, Market Expiry, Market Prices & Probabilities | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Google Caffeine upgrades NewsFutures, downgrades the Iowa Electronic Markets.

Google Search versus Google Caffeine for “prediction markets” P.S.: For those who don’t follow Midas Oracle on a daily basis (how dare), Google Caffeine is the future Google Search. UPDATE: The Inkling Markets website goes on page 2, on Caffeine. … Continue reading

Posted in Internet Marketing - Internet Commerce, Search Engine Optimization | Tagged , , , , , , , | Leave a comment

How BetFair Works = How BetFair lies about the history of the betting exchange industry

How BetFair Works — VIDEO This BetFair video totally misinforms the public about the history of the betting exchange industry. It actually started in the United States of America, with the Iowa Electronic Markets in 1988, the ForeSight Exchange in … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Betting, Exchanges & Markets, Explainers, History, Internet Marketing - Internet Commerce | Tagged , , , , , , , , , , | Leave a comment

Sheep and Wolves

My post re-publishing the InTrade check received by Wiser Than The Crowd has been mis-interpreted by him. There was nothing about “hating the game” in my post. It was just a reference to the “sheep and wolves” concept floated by … Continue reading

Posted in Analysis (Meta), Exchanges & Markets | Tagged , , , , , , , , | Leave a comment

The Iowa Health Prediction Market is usable for the probability seekers.

Iowa Health Prediction Market Swine Influenza Prediction Markets I like how they use icons, and the way they display probabilities on that page. It is clear, and we can get the info real quick. Emile tells me that IHPM was … Continue reading

Posted in Exchanges & Markets | Tagged , , , , , , , | Leave a comment

Combinatorial Prediction Markets — David Pennock Edition

ACM: [...] Prediction markets are gaining interest because the Internet allows greater worldwide access to them, as well as to the ever-increasing amount of data stored on any topic imaginable (which theoretically allows participants to make more informed predictions, individually … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchange & Market Designs, Exchanges & Markets, Market Makers (Automated), Mechanism Designs | Tagged , , , , , , , | Leave a comment

Box office prediction markets don’t work out at the Iowa Electronic Markets.

… and so the IEM honcho condemns the Cantor Exchange. I disagree. -

Posted in Analysis (Industry), Exchanges & Markets, Forecasting (Science & Practice), Market Liquidity | Tagged , , , , | 3 Comments