Prediction Markets = the greatest time-saving invention of this century

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John Tierney (and again this morning):

[…] Keeping up with a presidential campaign used to require at least an hour a day of wading through punditry, and much more time during the peak primary season. But now, with a few clicks on Intrade, you can see the accumulated expertise of thousands of people betting on the campaign. […]

That&#8217-s what I mean by &#8220-Prediction markets are forecasting tools of convenience that feed on advanced indicators&#8220-.

I will have another post on John Tierney&#8230- if Barry Ritholtz delivers on his promise to write up on prediction markets.