Tag Archives: Pentagon

In the last three years, America’s military and intelligence agencies have spent more than $125 million on computer models that are supposed to forecast political unrest. – [REPORT]

Wired: Pentagon’s Prediction Software Didn’t Spot Egypt Unrest.

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What I mean by “advanced” and “retarded”

- An event is “advanced” when it is before the others on the timeline. – An event is “retarded” when it is after the others on the timeline. – - I use the term “advanced, primary indicator” to talk about … Continue reading

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The Case for Decrimininalization of Prediction Markets

[This article is cross-posted from Major Wager.] – A recent article in the prestigious academic journal Science (May 16, 2008, Vol 320, p. 877-8) once again makes the case for regulated prediction markets, more commonly known as “betting exchanges” to … Continue reading

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Let Prediction Markets Fight Terrorism.

The Commodity Futures Trading Commission (CFTC)’s recent request for comments about the regulation of prediction markets includes a number of specific questions. I am not sure whether I will manage to write up answers to all of them before the … Continue reading

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Just like the armchair generals (presented on television as “military analysts”) carry the Pentagon’s propaganda, are our economics professors (who need the exchange data to pursue their academic career) in fact John Delaney’s unofficial P.R. agents, hidden behind an appearance of objectivity, and whose agenda is to generate favorable news coverage for InTrade? Is the symbiotic relationship between the prediction exchanges and the economics researchers dangerous for the truth?

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New Hampshire is just another “Pentagon moment” for political prediction markets

I think all the excitement over the New Hampshire prediction market prices is creating another “Pentagon moment” for the concept. A lot of attention is being paid to prediction markets, and it looks bad, but ultimately it will turn out … Continue reading

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Prediction markets are the best way to tap into the wisdom of crowds.

Swarm Creativity Blog: Thursday, April 26, 2007 On Stage: Scott Cooper, MIT researcher with the Sloan School of Management, co-author of Coolhunting Peter Gloor, MIT researcher with the Sloan School of Management, co-author of Coolhunting Steve O’Keefe, moderator Listening in … Continue reading

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Pinching Adam Siegel’s nose… AGAIN.

Inkling Markets: What are some examples of public prediction markets? One of the first and oldest prediction markets [*] was run by the University of Iowa in 1998 [**] to predict the outcome of United States Presidential Elections. [***] In … Continue reading

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Terrorism Futures = Repugnant Market?

In discussing “Repugnant Markets” on BBC Radio, Tim Harford talks to Robin Hanson about the cancellation of the proposed Policy Analysis Market: HANSON: So on Monday morning two senators you know denounced the project and the very next morning the … Continue reading

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Robin Hanson should have written to the New York Times’ public editor.

2000–2003 US DoD’s DARPA‘s IAO’s FutureMAP–Policy Analysis Market project Here’s the New York Times news article on PAM , titled Pentagon Prepares A Futures Market On Terror Attacks. [Wrong. It was a prediction exchange on Mid-East issues. Market-generated predictions are … Continue reading

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