I was recently invited by our friends at PredictIt to discuss the accuracy and significance of prediction markets and collective intelligence.
During this live 30 min webinar, I dive into why markets, like PredictIt and Hypermind, have the ability to forecast the future by pooling the speculation of many. I go into the types of individuals who thrive in predictions markets, and why diversity and independent thinking is required for accuracy. I also discuss why the possibility of reward and loss promotes more objective and less passionate thinking, enhancing the quality of the opinions that can be aggregated. And more !