http://www.opendemocracy.net/globalization-vision_reflections/market_report_4349.jsp Comments for "The openDemocracy crowd's wisdom: January 2007 market report, Tony Curzon Price " en http://www.opendemocracy.net/globalization-vision_reflections/market_report_4349.jsp <p> Over the new-year break, I introduced the annual predictive-markets game (see &quot;<a href="/globalization-vision_reflections/inkling_markets_4202.jsp">The wisdom of the <strong>openDemocracy</strong> crowd</a>&quot;, 29 December 2006). Based on the <a href="http://www.mises.org/mofase/ch5.asp" target="_blank">Hayekian notion</a> that markets are ways of hovering-up information that otherwise would lie idle, these markets turn prices into probabilities by allowing participants to trade stocks in future events. Glamourised gambling, really - but put to the good use of representing the <a href="http://www.randomhouse.com/features/wisdomofcrowds/" target="_blank">crowd&#39;s wisdom</a> - in this case the crowd that is us, <strong>openDemocracy</strong> readers. </p>&nbsp;<a href="http://www.opendemocracy.net/globalization-vision_reflections/market_report_4349.jsp" class="read-more" title="Read the rest of this posting.">Read the rest of this post...</a><p><a href="http://www.opendemocracy.net/globalization-vision_reflections/market_report_4349.jsp">read more</a></p> http://www.opendemocracy.net/globalization-vision_reflections/market_report_4349.jsp#comment Creative Commons normal globalisation Tony Curzon Price visions &amp; reflections Wed, 14 Feb 2007 00:00:00 +0000 tcp-old 4349 at http://www.opendemocracy.net