Prediction Markets = Collective Forecasting = Collective Intelligence That Predicts

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Beware the propaganda sent out by the executives of the prediction exchanges

A Iowa Electronic Markets director has been caught (by a young student) red-hand over-selling the IEM predictive power…!!!…
First of all, thank you for your continued work on the IEM. [MicroSoft Word file] It’s great to see a continued and consistent trader base and methodology.
But I do have to admit that I am very uncomfortable [...]

Guess who has just joined the FOX News propaganda machine?

Judith Miller.
Yes, the infamous Judith Miller.

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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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