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The Promise of Prediction Markets

Kenneth J. Arrow, Robert Forsythe, Michael Gorham, Robert Hahn, Robin Hanson, John O. Ledyard, Saul Levmore, Robert Litan, Paul Milgrom, Forrest D. Nelson, George R. Neumann, Marco Ottaviani, Thomas C. Schelling, Robert J. Shiller, Vernon L. Smith, Erik Snowberg, Cass R. Sunstein, Paul C. Tetlock, Philip E. Tetlock, Hal R. Varian, Justin Wolfers and Eric Zitzewitz
Science
New Series, Vol. 320, No. 5878 (May 16, 2008), pp. 877-878
Stable URL: http://www.jstor.org/stable/20054723
Page Count: 2
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Abstract

The ability of groups of people to make predictions is a potent research tool that should be freed of unnecessary government restrictions.

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