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▲Prediction Market Accuracy: Crowd Wisdom or Informed Minority? (papers.ssrn.com)
19 points by Anon84 6 days ago | 1 comment
johnleslie_pm 4 days ago [-]
[dead]
aaron695 6 days ago [-]
[dead]
avaer 6 days ago [-]
TLDR (of the paper): prediction markets are basically a scam with extra steps. If you're not in on the scam (top 3%), you're the sucker (the liquidity).
edge_trader_41 6 days ago [-]
[dead]
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