In Defense of Prediction Markets
Posted by dmreinke on January 17, 2008
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While StyleHop isn’t modeled to be a true prediction market where currency is used to wager on and predict winners, the idea is the same. Across many fields, the wisdom of the crowd is trumping the prognosticators and so-called expert forecasters. Just recently, however, there has been quite a bit of criticism of prediction markets. [...]

