The Un-Wisdom Of Crowds: Prediction Markets Failed Their Midterm Exams |
| November 15, 2022 | November 2022 Bond Updates |
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“The wisdom of crowds” is not a universal principle of human decision-making. Prediction markets – which automate such group-think – were wrong in all the key races in the midterms. Groups are not always “smarter than the smartest people in them.” |
| View more at: https://www.forbes.com/sites/georgecalhoun/2022/11/14/the-un-wisdom-of-crowds-prediction-markets-failed-their-midterm-exams/ |
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