Skip over navigation
home research portfolio résumé photos reading listening

thoughtcrumbs

Betting on the wisdom of the masses

Related to my review of The Wisdom of Crowds, there's now a Dublin-based gambling website that allows thousands of independent actors to make predictions on an event, like the midterm elections, and as Surowiecki's sociology shows, the masses make great predictions. Google and Eli Lily both have employee pools at the site to predict their future success.
February 14, 2007 : 10:11 AM
: link

Comments

I thought the idea of election futures and the like was pretty old skool? You bet on the longevity of almost anything, from what i gather. But, the election futures are one specific aspect of that. I heard about this a long time ago. It's pretty crazy what people will bet on - probably goes back to the betting books in the gentlemen's clubs in england back in the victorian days....
posted by Blogger anamericanfrog : February 20, 2007 1:11 AM : link to this comment  
Post a Comment
About
Moira Burke

Psst! This is the blog of Moira Burke, a Ph.D. student in the HCI Institute at Carnegie Mellon University.

Rife with derivative pop culture blather, this site occasionally features thoughts on social psychology, usability, aesthetics, and the general meanderings of someone figuring out the meaning of life. Won't you help me find it?

my first name @ this domain name

Previous ten posts
  • Wish I were that witty in high school
  • Steve Jobs calls for an end to DRM
  • Punxsutawney phake
  • Four days in Mexico
  • It's 10 degrees out right now
  • Useful nohup
  • Book reviews
  • Speaking of national spending
  • Mmmm . . . C is for coverage, that's good enough f...
  • Year in photos
Monthly Archives