Tag Archives: Thomas Rietz

Professor Thomas Rietz (Iowa Electronic Markets) was so wrong on the usefulness of prediction markets about the 2016 Summer Olympics in Chicago.

Chicago Olympic Market Might Have Value, Says Reitz (Chicago Tribune, April 17) A credible source of information about Chicago’s chances of hosting the 2016 Olympics would have value, says columnist Bill Barnhart. Local real estate developers, hotel operators, employment agencies, … Continue reading

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Combinatorial Prediction Markets — David Pennock Edition

ACM: [...] Prediction markets are gaining interest because the Internet allows greater worldwide access to them, as well as to the ever-increasing amount of data stored on any topic imaginable (which theoretically allows participants to make more informed predictions, individually … Continue reading

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CNBC on prediction markets

CNBC = Entertainment – InTrade CEO John Delaney is 15 minutes in. – Tom Rietz of Iowa Electronic Markets is 1 minute in. – [PAY ATTENTION TO HOW PROF TOM RIETZ EXPRESSES PRICES AS PROBABILITIES.] Tip via John Delaney Jason … Continue reading

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2016 Summer Olympics in Chicago: Prediction Markets, anyone??

Next: Chicago won’t have the Olympics in 2016. Next: The Chicago candidacy, which was favored by the prediction markets (and gullible bettors like Ben Shannon), is the one that fared the worst. Next: Why an analyst should assess each newly … Continue reading

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