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The Wisdom Of Unpaid Crowds.(The Technologist; ECONOMICS)(speculative markets to analyze the Taiwanese presidential elecition)(Brief article)
Byline: Jonathan Adams
The practice of using speculative markets to predict events has been applied with surprising success to football scores in Europe, the severity of the flu season in Iowa and many other real-world scenarios. Now they're catching on in Asia, too. Japan's market Shuugi.in has 500 traders predicting the Lower House election, slated for late this year or next. The Indian-run Publicgyan.com has run 39 markets on global politics, economics and cricket, with 32 correct predictions. The Center for Prediction Markets, the biggest in the Chinese language, will try to call Taiwan's ...
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Source: HighBeam Research, The Wisdom Of Unpaid Crowds.(The Technologist; ECONOMICS)(speculative...