3 ms·

Care to elaborate for the ignorant among us?

• hackerboos 14y ago
  Markets are unpredictable.
  • jplewicke 14y ago
    Markets are only hard-to-predict in terms of future prices and returns. If all you want to do is to compare the relative value of two assets, the current price is a great place to start out. For example, the market is pretty sure that Exxon Mobil is worth vastly more than Groupon. Likewise, a prediction market does just fine at telling you stuff like "Romney is much more likely than Ron Paul to be the Republican candidate."
  • smsm42 14y ago
    Interestingly enough, online prediction markets do not predict the markets, just as online dating sites don't date anyone. They provide a platform for other people to try and predict. Of course, many of these people would be wrong, but that doesn't mean the platform itself is a scam.