Word: predicters
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...current enthusiasm can be traced in part, oddly enough, to last summer's high-profile flop of a market that was supposed to help predict future terrorist attacks. A public backlash killed that Pentagon project a few months before its debut, but not before the media broadcast the notion that useful information embedded within a group of people could be drawn out and organized via a marketplace. Says George Mason's Hanson, who helped design the market: "People noticed." Another predictive market, the Iowa Electronic Markets at the University of Iowa, has been around since 1988. That bourse has accepted...
...market, frenzied buying can lead to bubbles, and day traders make money with no concern for companies' fundamentals. But if the forward march of information technology is any indication, markets will come to play an increasingly important role. No matter the industry, companies are ultimately in the business of predicting the future: what a consumer will buy, where a product can be made most cheaply, how new laws might affect profit margins. There is such an undisputed advantage to knowing the future that corporations employ analysts and strategists, create committees and reports, conduct polls and pilots--all to figure...
...thing about science, you cannot predict where you’re going to find the next major finding that will enlighten mankind,” said Fabyan Professor of Comparative Pathology emeritus Baruj Benacerraf. “So you must support science in general...you must keep an entirely open mind about things in general and not be totally guided by the inner calling of faith and religion...
Current forecasts for tomorrow’s Commencement predict a 50 percent chance of rain and thunderstorms...
Smarty Jones has seized the hearts, and wallets, of sports fans across America. The Preakness Stakes, which the chestnut colt from Philly won by 11.5 lengths, carried a record $59 million handle, or betting pool, and experts predict a $110 million handle, another record, for the June 5 Belmont Stakes day. Smarty's quest for the first Triple Crown since 1978 is sure to draw casual fans to the betting windows--but don't go into the event with blinders on. Some tips on how to enjoy the race while playing it safe...