…- a kind of Robert Scoble of prediction markets…- Right-click on the picture, open the external link in another browser tab, and read it all.
Steven Frank:
My current hypothesis is that there are at least three positions of prominence in each segment —- three ways to be number one, if you will: The First One, The Free One, and The Good One.
I like his short essay.
Previous blog posts by Chris F. Masse:
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Matt Drudge’-s headline:
NYT: COURIC PALS SAY ANCHOR EXIT POSSIBLE IN FEW WEEKS…-
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Previous blog posts by Chris F. Masse:
Very simple. The WSJ is free if you come from big news content aggregators (like Digg or Google News). If you can manage to have your browser produce artificially a Digg or Google News referral, then you’-re permitted to enter the WSJ paid content for free.
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The guy who published that trick says it’-s all ethical to him. (Hummm…-)
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NEXT WEEK, we’-ll show you how to speculate on BetFair-TradeFair and InTrade-TradeSports event derivative markets…- FOR FREE. 
Just kidding.
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Ultra pertinent remark from the Club For Growth blogger:
[The New York Post video] is an informative video, but I want to quibble about two things. I view the term “-investing”- as the act of buying an asset with the hopes of it appreciating in value sometime in the future. Used correctly, you “-invest”- in a new home, a company on the stock exchange, or a baseball card collection.
However, you can’-t “-invest”- in politics as the New York Post reporter said you could. The reason why you can’-t is because contracts sold on prediction markets like InTrade.com are not assets– they are derivatives. Their value is based on the outcome of some event. Like futures contracts for frozen concentrated orange juice. […-]
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I have been blogging about that for years, here, on Midas Oracle.
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Previous blog posts by Chris F. Masse:
Right-click on the New York Times graphic below, open Bo Cowgill’-s post in another browser tab, and read his arguments.
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Image Credit: Chris Gash for the New York Times
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Adam Siegel of Inkling Markets is also out with a post on that NYT article, but it is of no intellectual interest. Maybe Adam should blog less quickly and eat more fish.
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I forgot to tell you, the other day, that Best Buy is a Consensus Point client, but you knew that already.
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Previously: The New York Times is telling the business world that enterprise prediction markets are an essential management tool.
[Via Xpree]
Previously: Do Google’s enterprise prediction markets work?
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Previous blog posts by Chris F. Masse:
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Felix Salmon:
And while Barry might not like the overall quality of the writers at Seeking Alpha, the quality of the readers (as opposed to the commenters, who are an unrepresentative sample) is pretty high, for one big reason: Seeking Alpha’-s email alerts. Most executives simply have no time to surf the web for content, which is one reason why it took a long time for econoblogs to take off. But a lot of them have signed up for SA’-s email service, which sends them a bunch of posts on their particular company or industry on a regular basis. And I’-m often very surprised at the number of times that high-powered people get in touch with me after I end up in one of those emails.
Previous blog posts by Chris F. Masse:
Photo Credit: AFP
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Previously: The New York Times is telling the business world that enterprise prediction markets are an essential management tool.
[Via Xpree]
Previously: Do Google’s enterprise prediction markets work?
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Previous blog posts by Chris F. Masse:
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Via forecasting expert Mat Fogarty of Xpree (cited but not linked to, alas, in that story), the New York Times (2 pages):
“The potential is that prediction markets may be the thing that enables a big company to act more like a small, nimble company again,” said Jeffrey Severts, a vice president who oversees prediction markets at Best Buy, the electronics retailer. The store chain has experimented with prediction markets on everything from demand for digital set-top boxes to store-opening dates. For example, Mr. Severts said that in the fall of 2006, the prices in a prediction market on whether a new store in Shanghai would open on time — in December 2006 — dropped sharply from $80 a share into the $40 to $50 range. Players made yes-no bets, and the virtual dollar drop reflected increasing doubt that the store would open on time. Indeed, Best Buy’s first store in China opened late, in January 2007, but the warning signs from the prediction market helped prevent further slippage. Mr. Severts noted that prices in a current prediction market — betting whether new offerings from its Geek Squad service will be introduced on time in June — are in the $90 range, an encouraging sign. Best Buy plans to move beyond pilot projects in prediction markets to involve more workers throughout the company, starting next month. “It helps on two fronts, the speed and accuracy of information, so that management can move faster to deal with problems or exploit opportunities,” Mr. Severts said.
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Previously: Do Google’s enterprise prediction markets work?
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Previous blog posts by Chris F. Masse:
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Via Yahoo! Research scientist David Pennock (pictured in the video, with, in the background, a whiteboard full of complex mathematical equations, which impressed the young New York Post journalist)…- this New York Post video (embedded just below).
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John Delaney’-s statement that people (did he say “-pundits”- or “-people”-?…-) were predicting a John Kerry victory in November of 2004 (while InTrade was predicting that George W. Bush would be re-elected) should be backed by supportive evidence. It’-s difficult to quantify the chatter in newspapers, magazines, TVs, blogs, etc. Did someone do that for the 2004 presidential elections? I know that the polls were favoring Bush, slightly, but I don’-t know whether the political buzz was quantified scientifically, really.
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