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Previously: About Justin Wolfers’-s column
Justin Wolfers’- Freakonomics post (which suggests that BetFair would have a better predictive power if US traders could use it).
The conversation ended up on a draw.
Robin Hanson was AWOL.
Prediction markets: the future of decision-making – Companies are now making business decisions based on information employees provide via internal trading systems. – The Times of London – 2008-09-04
“-We use them [“them” = the enterprise prediction markets] as another point in the decision-making process, alongside asking experts and other business leaders,”- said Christina LaComb, a computer scientist in the R&-D lab at GE.
OK. You’-re using enterprise prediction markets- you’-ve gotten your name in the newspapers- you’-re “-cool”-.
And our good friend David Perry’-s gotten your money.
But do your event derivative traders have the same access as you do to “-experts”- and other “-business leaders”-?
Or do you leave them in the dark? In that case, your enterprise prediction markets would be clueless, useless, and worthless.
