Tag Archives: the University of Pennsylvania’s Wharton School

2020′s PREDICTION MARKET JOURNALISM = Polls + Experts + Prediction Markets

- Justin Wolfers interview: [...] Wolfers predicted that cable news shows would turn to prediction-market experts for analysis in 2008. “My forecast is that they’ll either have someone in the studio whose job it is to track the markets, or … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Exchanges & Markets, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , , | 2 Comments

Prediction Market Journalism

Credit: Scientific American magazine – Abstract Via Mat Fogarty of Xpree (an innovative firm providing software for enterprise prediction markets) Ask me by e-mail to get a copy of the PDF file. – The problem with the bold statement in … Continue reading

Posted in All Best Posts Ever, Analysis (Industry), Analysis (Meta), Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 6 Comments

Contrary to Steve Levitt, Justin Wolfers knows where to find good soccer trading data.

The Wall Street Journal, via Market Power: Messrs. Levitt and Gil found that the odds of a team winning jumped immediately after it scored a goal. But adjusting for other factors, those odds kept climbing for 10 to 15 minutes … Continue reading

Posted in Analysis (Accuracy & Precision), Exchanges & Markets, Market Liquidity | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Care to revise your statement, sir?

Justin Wolfers: “In a few years, we may regard the second half of the 20th century as the aberration in which the press used polls rather than markets to track political races,” Justin Wolfers, a business professor at the University … Continue reading

Posted in Analysis (Meta), Forecasting (Science & Practice), Prediction Journalism | Tagged , , , , , , , , , , , , | Leave a comment

Prediction markets are forecasting tools of convenience that feed on advanced indicators.

Why were the political prediction markets so wrong about Barak Obama and Hillary Clinton in New Hampshire? …asks Slate’s Daniel Gross —via Mister Usability (Alex Kirtland), who needs to go and get his own gravatar. So, I’ve been watching the … Continue reading

Posted in Analysis (Accuracy & Precision), Analysis (Meta), Exchanges & Markets, Leading & Lagging Indicators, Market Expiry, Market Liquidity, Market Prices & Probabilities, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 3 Comments

Prediction Market History + Prediction Market Journalism

The New York Times: [...] Long before political prediction markets sprouted on the Internet, election bets — whether the stakes were money or embarrassing public spectacles — were a ubiquitous part of the American political scene. The practice, which began … Continue reading

Posted in Analysis (Industry), Exchanges & Markets, History, Prediction Journalism | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

How do prediction markets benefit our society?

KansasCity.com (page two): [...] To advocates such as business professor Justin Wolfers, people can better plan their lives, their purchases and their businesses by knowing how much investors are willing to wager that, for example, mortgage rates drop. “It’s an … Continue reading

Posted in Analysis (Meta) | Tagged , , , , | Leave a comment

What to think of all those Wisdom-Of-Crowds sites popping up like forest mushrooms after an October rain?

Via Art Hutchinson (just out of summer hibernation), this mid-October Wash Post article quoting two usual suspects: Justin Wolfers, a business professor at the University of Pennsylvania’s Wharton School, said collective wisdom — reflected for instance in the stock prices … Continue reading

Posted in Analysis (Meta), Collective Intelligence - Wisdom Of Crowds | Tagged , , , , , , , , , , , , | Leave a comment