Whatever the expectations (whether they will end up being wrong or right), in complicated situations, the prediction markets aggregate them faster than the mass media do. Posted on February 18, 2009 by admin That’-s my answer to Flubber.What’-s yours? Mike, Jason, David, Dave, etc. Related PostsFlubber is partially right.Velocity + InaccuracyPrediction markets didnt revolutionize decision-making -and will never do. However, they are a nice condiment to the classic forecasting toolkit.
