Tag Archives: Leighton Vaughan-Williams

Was the wreck of the USS Scorpion discovered thanks to collective intelligence?

Wikipedia on the USS Scorpion (SSN-589): The search A public search was initiated, but without immediate success and on 5 June, Scorpion and her crew were declared “presumed lost.” Her name was struck from the Naval Vessel Register on 30 … Continue reading

Posted in Collective Intelligence - Wisdom Of Crowds, Forecasting (Science & Practice), History, Inventions & Innovations | Tagged , , , , , , , , , | 1 Comment

What InTrade CEO John Delaney told the CFTC about “event markets” (prediction markets)

John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file): July 4th 2008 The Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street NW Washington, DC 20581 U.S.A. Attention: Office of the Secretariat RE: “Concept Release … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Exchanges & Markets, Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 3 Comments

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.) – Michael Abramowicz – Michael B. Abramowicz – (Law School, George Washington … Continue reading

Posted in People, Resources - References | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

BetFair-TradeFair (slightly) improve their blog, finally (it was about time) —and open 2 new sections: “prediction markets” and “financials”.

Here’s the vertical menu of the BetFair blog. Scroll down until you see “Politics”, and “Prediction Markets”. – - Here’s their section on politics: – Here’s their section on finance: – - My thoughts: Their “about” page still does not … Continue reading

Posted in Internet Marketing - Internet Commerce, Prediction Journalism, Resources - References | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 3 Comments

Here’s an example of the total crap that the BetFair blog is publishing.

BetFair blog: Pamela Anderson’s Poker Guru PAMELA Anderson says she is “done with the marriage thing”. Pammy is divorcing her third husband. The marriage lasted four months. Says Pammy: “My mom wishes I was born gay”. She adds: “I am … Continue reading

Posted in Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , | 1 Comment

Journalism Failures — Big Time

— – In February 2001, Fortune magazine named ENRON the “most innovative company”. – In October 2007, Robin Hanson, on the Overcoming Bias blog, re-published the falsehood that James Surowiecki (and 3 other book authors in their respective book) made … Continue reading

Posted in Ethics, Finance, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , | 9 Comments

The conundrum of the betting market = the favorite-longshot bias.

Explained by professor Leighton Vaughan-Williams in 2003. Via Niall O’Connor.

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Professor Leighton Vaughan-Williams becomes embroilled in BetFair blog controversy.

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Did the BetFair blog use trading data from InTrade to hint at BetFair’s accuracy??

Latest update on the BetFair blog fiasco — I am alerted today that the BetFair blog has updated its infamous Michigan story with a new compound chart bearing a clearer label. It reads now: Republican nomination – The race so … Continue reading

Posted in Analysis (Accuracy & Precision), Ethics, Exchanges & Markets, Market Expiry, Market Liquidity, Market Prices & Probabilities, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 3 Comments

The Michigan primary as seen thru the BetFair prediction markets

Thanks to Michael Robb from BetFair, I can show you the charts of the last day of trading on Michigan’s election day. You can see, on the Republican chart, Mitt Romney (in red) as the Comeback Kid —starting at 3:00PM … Continue reading

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