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...driving force behind prediction markets is something called information aggregation. Traditionally, it has been the realm of professionals such as pollsters or weather forecasters or the CIA. Those experts tend to be knowledgeable but are prone to certain limitations: personal bias, groupthink, clashing personalities. "In companies, not only are people afraid to get an answer, they are afraid of asking the question," says Emile Servan-Schreiber, CEO of NewsFutures Inc., which sells markets programs to corporations. So a market can benefit from outsiders' views that are reflected, in real time, in the form of prices. The dirty secret is that...

Author: /time Magazine | Title: Place Your Bets! | 11/9/2005 | See Source »

...FORECAST: A BLACK SPELL OF WEATHER Al Roker in a windbreaker is no longer the height of meteorological comedy. Funnyman LEWIS BLACK is upping the ante, as the Daily Show correspondent becomes the first celebrity to deliver the forecast on the Weather Channel this week. "I'll just be doing what I do best, yelling and screaming about something no one has any control over," says Black, who appears on the cable network's Evening Edition. Black notes that David Letterman started as a weatherman in Indiana. "Both jobs," he says, "are about making palatable the fact that the next...

Author: /time Magazine | Title: People: Nov. 14, 2005 | 11/6/2005 | See Source »

...five minutes. “The big moments came when Ali Boe kept us in the game,” Stone said. “We have a lot of work to do. We’re young, but we are going to be fine. We just have to weather the storm and Ali understands that fortunately we have someone who can keep us in the games until we figure out what we are doing.” —Staff writer Gabriel M. Velez can be reached at gmvelez@fas.harvard.edu...

Author: By Gabriel M. Velez, CRIMSON STAFF WRITER | Title: Dodging the Bobcats | 11/6/2005 | See Source »

Today’s class has been a success in Lecturer in Visual and Environmental Studies (VES) Paul Stopforth’s estimation. “Beautiful weather,” he recaps. “Extraordinary color...

Author: By Véronique E. Hyland, CRIMSON STAFF WRITER | Title: VES 113: Altered Landscapes | 11/3/2005 | See Source »

What’s been going on with the weather lately? According to weather experts, nothing much. Last Saturday’s snowstorm covered Cambridge in more than an inch of snow and temperatures reached a low of 33 degrees Fahrenheit. The very next day, the weather was beautiful, and weather is expected to stay warm for at least another week, with temperatures hitting the high 60s, according to Walter Drag, a meteorologist at the National Weather Service in Taunton, Mass. Drag says this weather, although mercurial, is nothing out of the ordinary. “The weather right...

Author: By Anna L. Tong, CRIMSON STAFF WRITER | Title: Wacky Weather? No Worries. | 11/3/2005 | See Source »

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