UI prediction market has high success rate
Bookmark & ShareDecember 18, 2007
Source: Toronto Globe and Mail
A story about prediction markets notes that one of the first experiments in prediction markets began in 1988, when the UNIVERSITY OF IOWA developed an Internet-based research and teaching tool that allowed students to invest real money in various contracts, whose payoffs depend on events such as the outcome of presidential elections. In its first three elections, the average error was just 1.37 per cent.
Contact: Forrest Nelson, ,
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