IDefendThePlatform
Member
- Joined
- Jan 16, 2008
- Messages
- 2,884
they are making their best predictions, based on information. The kicker is, they're putting their money where their mouth is. Intrade is very accurate even when i wish it wasn't.
Yeah, its straight out of "The Wisdom of Crowds" by James Surowiecki.
The Iowa prediction market that they had at the University of Iowa had a perfect record of picking the next POTUS for a long time. I haven't checked on them recently.