Monday, July 20, 2009

Don't Debate, Just Bet

A while ago I offered that strategy as a way to benefit from those annoying online debates where it's the same argument being made by people new to the debate over and over again. It's the same idea that prediction markets use. Why not benefit? Turns out political odds blogger Nate Silver is taking the same approach. I'm all for it. In experiments, subjects will say any crazy thing that pops into their heads until there's money involved - then the results become more meaningful.

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