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Sunday, January 6, 2013

Forecasting the Future: Ray Kurzweil, Nate Silver, and—the Market?

Forecasting the Future: Ray Kurzweil, Nate Silver, and—the Market?: "If you’re a futurist, chances are you have a favorite oracle or uncanny prediction. Maybe it was John Paulson’s bet against the housing market in 2007-08, or Nate Silver’s spot on election call in 2012, or Ray Kurzweil—just in general.



But if you haven’t already, you should consider adding another prophetic voice to the list: the market. In the last decade, creators of “prediction markets” have applied market principles to answer very specific questions about the future."

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