Paul Hewitt talks about the SCOTUS Prediction Market Results
Toronto, 28.06.2012
In the Toronto Prediction Markets Blog, Paul Hewitt takes a close look at the "Failure" of the Prediction Markets to successfully predict the outcome of US Supreme Court ruling on whether parts of the Affordable Care Act were constitutional.
It´s an interesting article which shows what happens when the amount of opinions from political pundits outweighs the amount of information being put out around the topic of a prediction market. It also considers how practical prediction markets are for binary decisions made by committees.
Food for thought.