Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: prediction

The main advantage of web search as a prediction tool may have less to do with its superiority over other methods than with its generality, low cost, and real-time nature.

What Can Search Predict?

Ben Shannon’s bad Corzine bet.

Ben Shannon (who blogs as “Jesse Livermore” at “Wiser Than The Crowd”) did bet on Jon Corzine — “buying around 65-68″, at the end of October 2009. Bad bet. Once again.

The horse that Steve Levitt predicted would finish last… actually *won* the Kentucky Derby.

Thankfully, no one pays attention.
I would like to read what Nate Silver thinks of horse racing forecasting.

Prediction markets feed on facts and expertise.

Via Yahoo! research scientist David Pennock of Odd Head and YooPick, the dear honorable Duncan Watts:
In part because of disappointing findings such as this, an increasingly popular substitute for expert opinions are so-called “prediction markets,” in which individuals buy and sell contracts on various outcomes, such as football game point spreads or presidential elections. The [...]

The answer to any anti-prediction market backlash is quality, impartial, exchange-independent, science-based, diligent, pro-PM blogging.

Is John Delaney the greatest psychic of all times (past, present, and future)?
Deep Throat is very impressed by how accurate the InTrade-TradeSports CEO’s 2005 prediction turned out to be. According to Deep Throat, the great Irish oracle “accurately predicted back in early 2005 in a PM conference in NY that someday the markets will make [...]

Deep Throat on the Hollywood Stock Exchange

In response to a previous blog post, Deep Throat has this to say:
Hollywood Stock Exchange has been providing Prediction Market services for many years. They have been in client negotiations on providing these services since 2001. See the long list of clients on the HSX website.

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