Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: market efficiency

The “efficient markets” hypothesis is dead.

An interesting piece in this morning’s FT by Gillian Tett.
The Chartered Financial Analyst Institute, which for many years had taught the so-called “efficient markets” hypothesis to thousands of students, asked its members for the first time if they trusted in “market efficiency” – and discovered that more than two-thirds of respondents no longer believed that [...]

WORLD’S #1 PREDICTION MARKET GURU IMPLIES THAT THE PREDICTION MARKETS ARE NOT MATURE ENOUGH.

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