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July 2009 - Prediction Markets

What is a prediction market? What are some examples of prediction exchanges in action? Why is Betfair a 'prediction market' or 'exchange'? All your questions will be answered...

A tale of what 18th century playgoers can tell us about the 'wisdom of crowds'

James Boswell, the acclaimed diarist and biographer of Dr. Samuel Johnson, reportedly dropped to his knees and kissed the play

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Leighton Vaughan Williams

20 Jul 2009

What two bottles of tomato ketchup can teach us about the efficiency of financial markets!

Traditional finance is more concerned with checking that the price of two 8-ounce bottles of ketchup is close to the price of one 16-ounce bottle than it is in understanding the price of the 16 ounce bottle

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Leighton Vaughan Williams

13 Jul 2009