– Should we create a Prediction Market Institute?
– Should we ask doctor David Pennock to super-head it?
– Should we have a Prediction Markets Consortium that will anchor itself somewhere in an educational institution or non-profit foundation?
– Should we follow the ideas of Chris Masse, or should we follow someone else with better ideas?
– Should we let the non-PM companies (Google/Yahoo!/MicroSoft) dictate to us the founding terms of this Prediction Market Institute?
– Shouldn’-t the public prediction exchanges (InTrade, BetFair, HedgeStreet, Hollywood Stock Exchange, HubDub, NewsFutures, etc.) be more involved into the founding of this Prediction Market Institute?
– Should we let David Pennock rename “-The Open Institute Of Prediction Markets”- into a “-Prediction Market Institute”- without my prior agreement?
I am (finally) finished writing up the mission statement of The Open Institute Of Prediction Markets.
I have asked Mike Giberson, Mike Linksvayer, and (of course) David Pennock, to give me feedback, so I can see whether I am on the right track or not. If it’-s the case, and once I have integrated their feedback, I will show it to 3 other prediction market luminaries, and so forth, until an ethereal sense of perfection emerges out of it. (Could take weeks.)
PS: Google is forbidden to snatch that “-mission”- webpage, don’-t ever think of trying to read the cached webpage.
UPDATE: Got feedback. Need to work on it.
A short post to thank all the people who e-mailed me to assure me of their support for this long-term endeavor.
There are so many luminaries and organizations who have said they were “-interested”- by this institute project that I am starting to think that this idea just can’-t fall apart —-the expectations are now too high, and our duty to the next generations is to succeed.
That said, I don’-t have yet the first cent for this institute, and 2009 will undergo the worst economic recession in our lifetime —-but who cares about the harsh reality, as long as we have sweet dreams.