Prediction Markets = Collective Forecasting = Collective Intelligence That Predicts

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Mike Linksvayer *himself* is to blame for the non-liquidity of his Wikipedia prediction markets.

Mike Linksvayer:
Prior to the Wikipedia community vote on adopting CC BY-SA it crossed my mind to set up several play money prediction market contracts concerning the above outcomes conditioned on Wikipedia adopting CC BY-SA by August 1, 2009, for which I did set up a contract. It is just as well that I didn’t — [...]

Why reporting on *one* expired prediction market is no fun… when using the scientific approach

Panos Ipeirotis hates it when I report an individual prediction market “failure“. (”Stupidity” is how he labelled it. )

I am a fan of Panos Ipeirotis’s scientific approach on prediction markets. It is all right.
However, I (obviously) won’t use the statistical and probabilistic approach when reporting about the expiry of one (or two) prediction [...]

Will any prediction market startup surge like *that*?

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Business Models

Fred Wilson (who invested in Twitter):

CPM ads (”cost per thousand views”; banner ads online and regular ads in print, TV and radio)
CPC ads (”cost per click”; think Google ads)
CPT ads (”cost per transaction”; you pay only if the customer brought to you from a media sites becomes a paying customer. Here’s an example.)
Lead generation (you [...]

What prediction markets can learn from Twitter — REDUX

S-I-M-P-L-I-C-I-T-Y + C-U-S-T-O-M-I-Z-A-T-I-O-N
Twitter is a very simplistic core. Around that core is a whole ecosystem that adds value to Twitter. You have a large choice of “Twitter clients”, and there are plenty of websites out there that complement the basic Twitter service.
It is the anti-BetFair case. The future prediction exchanges will be built around a [...]

What prediction markets can learn from Twitter

S-I-M-P-L-I-C-I-T-Y
If betting and trading were as simple and elegant as twittering (think of it as the anti-BetFair case), then we would be able to convert the whole Planet Earth to using and checking prediction markets —providing that prediction markets [*] were truly a purple cow, which is something many of us are discussing (sometimes vehemently) [...]

Marketing expert Seth Godin recommends that you don’t Twitter.

UPDATE: Seth Godin e-mails me this:
I never said that “you” shouldn’t use twitter. Not at all. I think there are plenty of people who should use twitter. I said I can’t use twitter. Different story. [...] Twitter is great for personal updates. It’s great for public customer updates. It’s great to see the live zeitgeist. [...]

Google users are digging around to get the probability of a Swine Flu pandemy.

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Interestingly, the results are very different with “swine flu predictions”. Predictify is above HubDub in both cases, you’ll notice.
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External Links: – Google Trends – Google Insights for Search
Previously: Swine Flu Prediction Markets

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P.T. Barnum said, “All publicity is good publicity”. Is that true?

Bryan Caplan:
If you want to get all the publicity you deserve, make sure you’re friendly with the enemies of your enemies. Almost all publicity can be transformed into good publicity, but you can’t do it alone.
I‘ll try to put that axiom into action.

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Get Rich Quick Thanks To InTrade

Start with 50 bucks, and very soon, you become rich like Croesus.
Is that a coordinated marketing campaign?

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