February 2007
2 posts
4 tags
Web Coolhunting compared with Prediction Markets –...
Yesterday’s New York Times profiles Intrade.com, a prediction market and betting web site in Ireland. The article makes the point for the wisdom of crowds, where swarms of people putting their money where their mouth is are better in predicting outcomes of political elections than the official polls of TV stations and the like. For example, in the 2004 presidential elections, Intrade correctly...
4 tags
How to kill Collaborative Innovation
According to today’s New York Times Indonesia stopped giving its samples of the H5N1 avian flu virus to the WHO, instead selling it to US vaccine company Baxter. Indonesia has had more lethal cases of avian flu than any other country, about 70 in total. In the past, samples have been given to the World Health Organization, which has passed them on to research labs and pharmaceutical...
