Predictive markets: is the crowd consistently wise?

Predictive Markets puts forward the challenging assertion is that crowds make better decisions than experts, when they are diverse, independent and faithfully aggregated, meaning a crowd of people operating through a 'Market' mechanism could be just as accurate as our best research approaches.

Predictive markets: is the crowd consistently wise? Two years and seven experiments on from the paper in 2005: re-engineering Research to take advantage of the 'Wisdom of Crowds'

John KearonBrainJuicer Group PLC

INTRODUCTION

The original 2005 'Predictive...

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