It looks like the most famous of the prediction markets, the Iowa Electronics Market, once again was right on the money early on in predicting the results of this week’s election. See, for instance, this CNN Money piece of October 11 titled “Iowa Futures Show Republican Weakness”
I’ll be publishing a very interesting interview I had with U. Chicago professor Cass R Sunstein, author of Infotopia: How Many Minds Produce Knowledge in the December Knowledge Management supplement to The Information Advisor, where we discuss some of the implications of the wisdom of crowds phenomena and prediction markets for business decision making and sharing knowledge.
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