CNET News:

[…] It turned out that Shiau&#8217-s predictions weren&#8217-t perfect&#8211-on average he was about 15 percent off on the sales of Nintendo&#8217-s DS and Wii, Sony&#8217-s PlayStation 3 and PlayStation Portable and Microsoft&#8217-s Xbox 360. But he also wasn&#8217-t that far off predictions from Wedbush Morgan&#8217-s Michael Pachter, one of the most quoted industry analysts, who himself had been about 10.6 percent off sales on the same consoles. And a month earlier, Shiau&#8217-s predictions had actually been better than Pachter&#8217-s. Shiau had been off by about 15.8 percent, while Pachter had missed by 34.9 percent. […] &#8220-Brian Shiau seems to have created a nascent and vibrant community,&#8221- said Chris Masse, the author of Midas Oracle, a blog [*] about prediction markets. &#8220-(There&#8217-s) a strong emphasis on using the SimExchange as an educational tool to teach youngsters about the stock and futures mechanisms. I like this a lot.&#8221- […] &#8220-The biggest obstacle is that most people don&#8217-t know what a prediction market is,&#8221- said Shiau. &#8220-So it&#8217-s very difficult to pitch it to someone without them understanding how a stock market (provides useful information).&#8221-

Previous: NPD releases April sales data, prediction market and analyst compared – by Brian Shiau

[*] a group blog on prediction markets &#8211-&gt- 49 posters &#8211-&gt- 192 posts from the guest authors

Previous blog posts by Chris F. Masse:

• VIDEO: Why Hillary Clinton will never be the Vice President of the United States of America.
• Any idea what Brad Stewart means with that logo that features a south-to-north rotation? — Does he want to put our Planet Earth upside down? — The real rotation occurs around an axis that connects the north and the south poles.
• Dick Morris (ex-strategist for Bill Clinton) devoted, not one, but two, strong columns against the Hillary-Clinton-as-VP scenario.
• What InTrade, TradeSports, BetFair, TradeFair, Betdaq, NewsFutures, Inkling Markets, Reality Markets, and HubDub, should implement real quick.
• Will we be able, one day, to trade our InTrade, TradeSports, BetFair and TradeFair event derivatives via our BlackBerry?
• FACEBOOK AND LINKEDIN: How to deal with unwanted friend requests, the ethics of de-friending, and other social networking etiquette predicaments.
• Don’t trade on the VP predictions markets. — Don’t bet on Hillary Clinton as VP. — Don’t listen to betting bloggers who tell you that Hillary Clinton has a chance to be on the Democratic ticket. — Don’t believe in “vice presidential selection committees”. — Select well your primary, advanced indicators. — Choose your bets carefully.