Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: Joyce Berg

The best researchers on prediction markets

CFM: Scholars
Check that CFM page for updates. And contact me so I can make additions to the list. (I’ll then re-publish that updated list on Midas Oracle.)
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Michael Abramowicz – Michael B. Abramowicz – (Law School, George Washington University, Washington, D.C., U.S.A.) — Post Archives at Midas Oracle
Bernd H. Ankenbrand – Bernd Ankenbrand – (Lecturer, Witten/Herdecke [...]

“What public purpose is served in the oversight of these [event derivative] markets and what differentiates these [event derivative] markets from pure gambling outside the CFTC’s jurisdiction?”

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My short thoughts on the CFTC announcement:

Nothing new..
No good. Sports prediction markets won’t be allowed by the CFTC (no matter), and, thus, the US-based event derivative exchanges will never be profitable. (Remember that HedgeStreet V1 went into bankruptcy, even though they were well funded.)
Going forward, we are going to see an opposition between people (like [...]

Joyce Berg, director of the Iowa Electronic Markets, talks about how business schools are using the tool for research and teaching.

Video
She says prediction markets are “substitute” for polls… or any forecasting tool.

Iowa Electronic Markets’ Joyce Berg on video

Zubin Jelveh

Cocky Justin Wolfers wants to be invited by the TV networks on Election Day.

Resident Publications:
[...] More than 2 million shares have already been traded in presidential primary contracts on Intrade this year. John Delaney, the company’s CEO, is convinced 2008 will be the market’s biggest year yet. “Our ’08 volumes are already approaching the total for ’04 volumes —and we are still 20 months away,” he said earlier [...]

Are prediction markets on political elections that important and useful?? I’m afraid they are not.

Joyce Berg of the Iowa Electronic Markets:
[...] Campaigns occasionally call to ask if it’s ok if they trade (it is), and “in prior elections we’ve had IP addresses from the White House that have been watching the prices and other what you would think of as government agencies looking at prices. So it seems to [...]

Iowa Electronic Markets (IEM) is a bad US monopoly on political event derivatives / prediction markets.

The mysterious (or so he/she thinks he/she is) Anonymous writes to me:
I have been reading midasoracle for a few weeks now. It is a really useful survey of what is going on in the prediction market world. I think what I like best is the relatively even tone that you have– no one gets a [...]

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