Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: University of Kansas School of Business

James Lemieux, whom Koleman Strumpf plugged to us, is a marketing professor researching on, among others, “decision analysis”. Quite on target. Take a look at his website by right-clicking on the image posted below.

Prediction Markets in the Classroom: Inkling Markets

hile prediction markets have been in the spotlight this year, they are still unfamiliar to many folks. As one small step towards improving their visibility, along with my colleague James Lemieux I ran a prediction market at the University of Kansas School of Business. The markets ran for three and a half months and almost [...]

Professor Koleman Strumpf tells CNN that a prediction market, by essence, can’t predict an upset.

CNN:
FOREMAN: I’ve got something I want you to take a look at. Look at this. It could be the price of a stock or a mutual fund. It isn’t. It’s the odds that a particular candidate, the red here is Hillary Clinton, who will become president of the United States. It’s called the predictive market. [...]

Is it good to have a prediction market melting pot of academics and businesses?

The Journal of Prediction Markets:
The Journal of Prediction Markets
Editor:
Leighton Vaughan Williams
Associate Editors:
John Delaney – CEO InTrade
Bruno Deschamps – University of Bath
Olivier Gergaud – Université de Reims Champagne-Ardennes
Robin Hanson – George Mason University
Charles Noussair – Emory University
Marco Ottaviani – Ex-London Business School
David Paton – Nottingham University Business School
Paul Rhode – University of Arizona
Emile Servan-Schreiber – CEO [...]

Marketing whiz Bill McIntosh left HedgeStreet.

He is with DeviseScape now.

OUR HISTORY VIGNETTE:
Now you, too, can predict hurricanes. – [HedgeStreet | Forecasting Center - (Hurricanes) | Dashboard] – 2006-09-04

They claim it offers hurricane-weary residents a way to hedge their risk, and could develop into a powerful tool for predicting storm damage. What it’s not, said Bill McIntosh, vice president of marketing [...]

Faulty polls screw up the political prediction markets. – REDUX – The “no polls” case, now.

Two days ago, I stated brashly that political prediction markets aggregate the polls, mainly. (Mike Linksvayer nuanced my propos, in the comment area.)
GOP Keeps Senate, Loses House, Betting Site Says. – [US political prediction markets] – by Ronald Kessler – 2006-10-24
One theory is that prediction markets are influenced by the results of opinion polls. But [...]

Search

Post Categories