prediction markets

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  • Case Study on Prediction Markets: Distilling Collective Wisdom


    Authority Authority:
    In May 2007, a group of more than 20 economists, including Kenneth J. Arrow of Stanford University, Daniel Kahneman of Princeton University, and Robert J. Shiller of Yale University, on behalf of the AEI-Brookings Joint Center for Regulatory Studies, sent an open letter titled “Statement on Prediction Markets “to ...
    5 days ago
  • Bits Of Secrets


    Authority Authority:
    “It’s classified. I could tell you, but then I’d have to kill you.” Top Gun , 1986 Today, secrets are lumpy. You might know some info that would help you persuade someone of something, but reasonably fear that if you told them, they’d tell others, change their opinion on something else, or perhaps just ...
    3 weeks ago
  • IBM economist predicted Emmelie would win Eurovision


    Authority Authority:
    IBM economist David Rothschild developed a statistical model that correctly predicted that Emmelie would win the Eurovision song contest. By feeding data from bookmakers and social media through computers at Microsoft, Mr. Rothschild puts Denmark far ahead of the competition. On a real-time ranking for ...
    4 weeks ago

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