Tag Archives: mass media

Mika Brzezinski: Yes, Everyone at CBS News Was Liberal… Except One.

On Morning Joe, Mika Brzezinski says that during her 10 years at CBS News, she knew of one George W. Bush supporter.

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Vertical Media vs. Prediction Markets vs. Mass Media

Let’s rank institutions according to who has dealt first with the swine flu: Vertical media and local media — starting Tuesday, April 21, 2009 Mass media, news aggregators, and user-created prediction markets (a la HubDub) — starting Friday, April 24, … Continue reading

Posted in Analysis (Industry), Exchanges & Markets, Prediction Journalism | Tagged , , , , , , , , | 7 Comments

Accuracy and Efficiency of Prediction Markets

To sum up things… And in other words: The relative accuracy of the prediction markets = epsilon and (quite) controversial. The relative efficiency of the prediction markets versus the mass media (not the vertical media) = big (in complicated situations), … Continue reading

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The truth about prediction markets

Come to the wonderful world of collective intelligence, wisdom of crowds, and prediction markets!… The sun shines bright, the market-generated predictions are vastly superior to the polls as election predictors, and the track record of the public prediction markets stretches … Continue reading

Posted in All Best Posts Ever, Analysis (Meta), Collective Forecasting, Collective Intelligence - Wisdom Of Crowds, Explainers, Forecasting (Science & Practice), Humor | Tagged , , , , , , , , , , , , , , , , , , , | 59 Comments

Prediction markets compute facts and expertise quicker that the mass media do.

Political prediction markets react (with a small delay) to political polls —just like the political experts and the mass media do, too. Hence, in order to discover their true social utility, the prediction markets (which are tools of intelligence) should … Continue reading

Posted in All Best Posts Ever, Analysis (Accuracy & Precision), Analysis (Meta), Exchanges & Markets, Market Expiry | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

InTrade + The Financial Times — XXXXXXXXX + XXXXXXXX

As I told you one month ago, an American mass media will open its own play-money prediction exchange, next summer or fall. –> It will have a much bigger impact for the prediction market industry, in my judgment, because this … Continue reading

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