Tag Archives: value applications
A highly accurate prediction market has little value if other mechanisms can provide similar accuracy at a lower cost, or if few substantial decisions are influenced by accurate forecasts on its topic.
Robin Hanson – Overcoming Bias -
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Robin Hanson at LinkedIn
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Robin Hanson:
Info Value = the added accuracy the markets provide relative to other mechanisms, times the value that accuracy can give in improved decisions, minus the cost of maintaining the markets, relative to the cost of other mechanisms.
A highly accurate market has little value if other mechanisms [...]
Do Google’s enterprise prediction markets work? — Using Prediction Markets to Track Information Flows: Evidence from Google
Using Prediction Markets to Track Information Flows: Evidence from Google – (PDF file – PDF file) – by Bo Cowgill, Justin Wolfers, and Eric Zitwewitz – 2008-01-06
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VIDEO — Bo Cowgill on Google’s enterprise prediction markets — O’Reilly Money:Tech
Blip.TV — (FLV file)
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I’ll first publish some excerpts from the paper on Google’s enterprise prediction markets (set up [...]
Merger Markets on Microsoft-Yahoo
HP began to explore prediction markets in 1996, but did not even consider applying them to the 2002 HP-Compaq merger. Similarly, Yahoo and Microsoft are two of the companies mentioned most often as being involved in prediction markets (along with their main competitor Google), but I’ll bet none are considering the by-far-most-valuable markets they could [...]
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