Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: usability

Usability take of the day for collective forecasters

“It’s time to show most passwords in clear text as users type them.”

The Fox… and the Hedgehog

Emile Servan-Schreiber looks like the fox to me. He acknowledges a reality: the prediction market adoption problematic. (Leslie Fine is in the same boat.) Okay, but I want more proof. How come Inkling Markets administrators seem to be happy with MSR, then?
Adam Siegel is no hedgehog.
Addendum
Here is the definition of a fox (as opposed to [...]

P2 = a revolution in blogging

As I told you the other day, I am very impressed by P2, a new interactive WordPress theme. I have not selected it for Midas Oracle (I chose WP FrameWork), but I think that P2 will influence a lot of other themes.

Download this post if your feed reader doesn’t show you the embedded video above.

What prediction markets can learn from Twitter — REDUX

S-I-M-P-L-I-C-I-T-Y + C-U-S-T-O-M-I-Z-A-T-I-O-N
Twitter is a very simplistic core. Around that core is a whole ecosystem that adds value to Twitter. You have a large choice of “Twitter clients”, and there are plenty of websites out there that complement the basic Twitter service.
It is the anti-BetFair case. The future prediction exchanges will be built around a [...]

What prediction markets can learn from Twitter

S-I-M-P-L-I-C-I-T-Y
If betting and trading were as simple and elegant as twittering (think of it as the anti-BetFair case), then we would be able to convert the whole Planet Earth to using and checking prediction markets —providing that prediction markets [*] were truly a purple cow, which is something many of us are discussing (sometimes vehemently) [...]

The Iowa Health Prediction Market is usable for the probability seekers.

Iowa Health Prediction Market
Swine Influenza Prediction Markets
I like how they use icons, and the way they display probabilities on that page. It is clear, and we can get the info real quick.
Emile tells me that IHPM was developed with NewsFutures source code, but customized by them.

Simpler Input Mechanisms

I really like what Emile Servan-Schreiber replied to Robin Hanson. I really like it. However, if I am correct NewsFutures never implemented MSR, so how can Emile be so affirmative? Rather, I would like to hear from Mat Fogarty or Leslie Fine (of Xpree/CrowdCast) who did implement MSR, and recently decided to move out to [...]

Smarkets want to attract bettors that are (allegedly) scared to death by BetFair’s complexity.

Smarkets TechCrunch Geek’n Rolla Pitch from Smarkets on Vimeo.
Download this post to see the embedded video above —if your feed reader doesn’t show it to you.
Smarkets – Blog post

Amazing smart little things… that will *never* make it to the market.

The first video shows you a smart ass from MIT that invented unusable smart little things. It is truly awesome to watch. The problem is that, even thought the HCI looks cool, these amazing smart little things obey to rules that are not intuitive to mainstream people. Only their creator(s) know what are the rules [...]

Enterprise prediction markets: Usability innovation is the answer.

This past week, The Economist wrote on the yet-unfulfilled promise of prediction markets. At CrowdCast (ex-Xpree), we believe prediction markets are not yet mainstream because the current solutions are built on mechanisms designed for the stock market, not for the enterprise.
The stock trading metaphor works for a large, liquid stock market, but is unsuitable [...]

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