Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

rational market delusion

Cryptocurrency

Are Prediction Markets for Real?

Consequently, I think present-day prediction markets cannot work. My guess is that prediction markets will need better data aggregation and analysis technology to work. Algorithms that could screen out human emotions or sentiments could make a prediction market effective. On the other hand, artificial intelligence or machine learning could soon provide that technology.

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