Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: learning algorithms

Does wisdom require markets?

The Midas Oracle choir — I include myself here — preaches markets as the best way to tap wisdom in crowds. Markets force people to put money where their mouths are. Markets impose a Darwinism on accuracy. Markets are efficient. Markets beat pollsters and pundits at their own game. And so forth. But I’ll play [...]

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