A Few Thoughts from the Intrade CEO
Here's an interesting blog on crowd wisdom:http://blog.asmartbear.com/blog/ignoring-the-wisdom-of-crowds.htmlIt actually highlights what is going on in the current poll on intrade. Basically, some votes are more like vetos, where some members choose the option they dislike the least, to prevent the one that they dislike the most from being implemented. In the end we get a result that is hardly innovative, but very safe: improved P&L information.
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