Re-read Mikes testimony slowly, and then youll get which consumers need(s) prediction market journalism should fulfill.

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Mike Linksvayer:

Small comforts of prediction markets

Mike Linksvayer &#8212- November 19th, 2007

Yesterday I had dinner with a friend I hadn’t seen for a few years. I asked what he’d been doing, apart from being a nerd, and he said he’d been spending too much time following the U.S. presidential campaigns (actually just the Ron Paul campaign, but that’s not particularly relevant here). I realized that I don’t do this anymore. It could be because I’m maturing, but I’ll give credit to prediction markets.

Most of the yapping in the media is about the horse race and personalities, which I don’t care about, other than the status of the former. Instead I check prices at Intrade most days, which gives me a more accurate and much more concise status update than any amount of time spent reading or watching commentary.

Furthermore, betting that candidates I detest will win and against candidates I mind less, even in small amounts, really helps me not waste time thinking (mostly distressed thoughts) about the election.

So thank you prediction markets for the time and peace of mind!

Mike&#8217-s post is the most important piece of wisdom ever published about the prediction markets since the creation of the Iowa Electronic Markets in 1988.

Hence, I propose that the meager but smiling Mike Linksvayer be made the mascot of the prediction markets.

Mike Linksvayer

Mike Linksvayer&#8217-s profile at Midas Oracle

4 thoughts on “Re-read Mikes testimony slowly, and then youll get which consumers need(s) prediction market journalism should fulfill.

  1. Only bloggers do link to the prediction markets -mainstream media, like ABC News, never do. | Midas Oracle .ORG said:

    […] Map Re-read Mike’s testimony slowly, and then you’ll get which consumers’ need(s) pred… The Best Piece Of News I Have Just Heard This Thursday […]

  2. How have Jason Ruspini's tax futures markets at InTrade-TradeSports fared, so far? | Midas Oracle .ORG said:

    […] The above is a very interesting piece of Internet marketing wisdom, which prediction market firms (like InTrade-TradeSports, BetFair-TradeFair, Betdaq, NewsFutures, HSX, etc.) should mind —especially in light of the focus on prediction market journalism I talked you about yesterday […]

  3. Decision Markets and Futarchy are solutions in desperate search for a problem to solve and for their early adopters… and that may stay that way well after Robin Hanson's head gets cryogenized. | Midas Oracle .ORG said:

    […] bottom-up approach focused on quantifying in all dimensions the small population segment that can derive full joy from reading our prediction markets. That is ungrateful hard work, which our prestige-seeking, publicity-thirsty, acclaim-drunken, […]

  4. The Marketing Of The Reading Of The Public Prediction Markets = What Robin Hanson has deep trouble with, and what the prediction exchanges (e.g., InTrade-TradeSports, BetFair-TradeFair) haven't fully computed yet | Midas Oracle .ORG said:

    […] more likely to appreciate the consumption of market-generated probabilities would be composed of people who want a chopper view of world events. Prediction market journalism should satisfy this dashboard […]

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