Tag Archives: Jonathan Kennedy

Prediction Markets 101

Prediction markets produce dynamic, objective probabilistic predictions on the outcomes of future events by aggregating disparate pieces of information that traders bring when they agree on prices. Prediction markets are meta forecasting tools that feed on advanced indicators (like polls … Continue reading

Posted in All Best Posts Ever, Analysis (Meta), Explainers | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Who did best in explaining the prediction markets to the lynching crowd?

After the New Hampshire fiasco, 16 18 people came to defend the prediction markets, so far. So far, the best takes are from: George Tziralis Robin Hanson Jonathan Kennedy and I’ll give the 4th spot to a combo, mixing takes … Continue reading

Posted in Analysis (Industry), Analysis (Meta) | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

THE SILICON ALLEY BLOG COMES TO THE RESCUE OF THE PREDICTION MARKETS.

Silicon Alley’s Jonathan Kennedy: [...] In denouncing prediction markets as “wrong,” however, many pundits miss the point. Prediction markets do not provide accurate predictions of the future. (How could they? They simply represent the consensus guess of a group of … Continue reading

Posted in Analysis (Meta), Collective Intelligence - Wisdom Of Crowds, Exchanges & Markets | Tagged , , , , , , , , , , , , | Leave a comment

Prediction Market Industry Association = useless, so far

We have witnessed a backlash against the prediction markets just after the Hew Hampshire fiasco. Some bloggers and journalists picked on the prediction markets (InTrade, that is), even though both the polls and the pundits were awfully wrong too. [*] … Continue reading

Posted in Analysis (Industry), Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments