Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: meta forecasting tool

The prediction markets reflect the polls and the national media.

Jason Ruspini:
In general, futures markets are “less futures markets than immediate-past markets”.
It is hard to evaluate the markets fairly given how difficult it is for someone in New Hampshire to participate in them. Naturally then, the [prediction] markets more easily come to reflect the polls and national media – which were wrong in this case. [...]

Prediction markets is a meta forecasting tool.

Bet on It! – (page two – page three + a crappy listing of exchanges) – by Steven Cherry
[...] Chris F. Masse, a [] consultant in Sophia Antipolis, France, who specializes in prediction markets, says that by 2010, “10 percent of Fortune 500 companies will have gone public about their use of internal prediction markets, [...]

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