In France, prediction markets are hyped by 2 bozo economists -David Thesmar and Augustin Landier.

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Emile Servan-Schreiber is doing a great job of putting prediction markets on the French media scene. (As I type this, he is on French TV.)

2 green-foot French economists (David Thesmar and Augustin Landier) are hyping the prediction markets in the French media, using a non-scientific language (&#8220-predictive markets&#8221-, &#8220-stocks&#8221- *) and few references to hard facts. Their background is not stellar. They penned an Op-Ed in July 2007, titled, &#8220-The mega-crash won&#8217-t happen&#8221- [PDF file].

Of course, one year later, the developed world experienced (and is still experiencing) the worst financial crisis ever. What&#8217-s funny is that, in 2007, our 2 economists-in-chief were hyping the non-regulated credit derivatives that sent us into the depression, and denying the possibility of systemic risk. What a bunch of incompetents.

Emile, please recruit more serious people.

[*] The good vocabulary is &#8220-prediction markets&#8221-, and &#8220-traded bets&#8221- or &#8220-event derivatives&#8221-.

Next: French bozo economist Augustin Landier is hiding his 2007 Op-Ed that stated that the financial crisis “won’t happen”.

Next: French bozo economist David Thesmar is hiding his 2007 Op-Ed that stated that the financial crisis “won’t happen”.

Hyping enterprise prediction markets in Mashable

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Matt Fogarty of CrowdCast:

Business leaders rely on metrics and data to inform decisions around new products and opportunities, but traditional forecasting methods suffer from bias and lack of first-hand information. That’s why business forecasting is an ideal target for the application of crowd wisdom. While bets are made anonymously, some prediction market software applications have built-in reward systems for accurate forecasters. And the accuracy of prediction markets over traditional forecasting methods is proven again and again. […] Prediction markets will then aggregate this knowledge to produce actionable, people-powered forecasts. The result is an ultra-rich information source that will lay the foundation for smarter, better-informed company decisions. […]

PubSubHubbub + PuSHPress

I have just installed the PuSHPress plugin, and this post is a test to see whether it works. If yes, this post should be indexed quickly by Google Reader (and other feed readers).

Filed in &#8220-Real-Time Web&#8220-.

UPDATE: I am so impressed, I could lay an egg. A brand-new post appears in Google Reader within seconds. I can&#8217-t believe it.

UPDATE 2: Any small editing is immediately fetched by Google Reader (provided it is done on the last 10 posts). Amazing.