http://www.opendemocracy.net/blog/tony_curzon_price/crowd-jan08.html Comments for "The openDemcoracy Crowd, 1 year-on, Tony Curzon Price " en http://www.opendemocracy.net/blog/tony_curzon_price/crowd-jan08.html predictive-jan08.html<h1 style="text-align: center">The oD Sophocrats</h1><br />openDemocracy launched a set of <a href="/globalization-vision_reflections/inkling_markets_4202.jsp">predictivemarktes</a> in January 2007. The idea was that byallowing oD readers to buy and sell forecasts, the oD crowd wouldreveal its special wisdom.<br /><br />350 readers signed up to the markets over the year. They were give$1000 to buy forecasts. For example, at the start of the year, youcould buy &quot;Sarkozy becomes French President&quot; for $40. When he becamepresident, you could cash that out for $100. In between time, if theprice on Sarkozy seemed to you out-of-kilter, you could trade andspeculate on the price movements. The top ten traders have shown a realskill and dedication. Tan Copsey, my colleague from <a href="http://chinadialogue.net">China Dialogue</a>,had an eye-popping run of profitable predicting, turning those $1,000into $135,442 - I am sure that he can rest assured of an alternativecareer as a carbon trader.&nbsp;<a href="http://www.opendemocracy.net/blog/tony_curzon_price/crowd-jan08.html" class="read-more" title="Read the rest of this posting.">Read the rest of this post...</a><p><a href="http://www.opendemocracy.net/blog/tony_curzon_price/crowd-jan08.html">read more</a></p> http://www.opendemocracy.net/blog/tony_curzon_price/crowd-jan08.html#comment economics oD Today predictive markets tcp Tony Curzon Price Sat, 05 Jan 2008 22:13:40 +0000 tcp-old 35500 at http://www.opendemocracy.net