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The real reasons why prediction markets are accurate. ? [LINK]

This is a discussion on The real reasons why prediction markets are accurate. ? [LINK] within the Prediction Markets News Feeds forums, part of the Forecasting Special Interest Group category; Emile Servan-Schreiber : - Over the long run and many predictions, markets outperform most individuals; - The more participants there are in a market, the more accurate it is (although ...


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Old 10th January 2012, 01:56 AM   #1
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Post The real reasons why prediction markets are accurate. ? [LINK]

Emile Servan-Schreiber:

- Over the long run and many predictions, markets outperform most individuals;
- The more participants there are in a market, the more accurate it is (although there are diminishing returns);
- The more participants there are in a market, the fewer individuals are able to outperform its accuracy.

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