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Intrade shutdown hurts academics

jader3rd (2222716) writes | about a year and a half ago

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jader3rd writes "Intrade, a popular Irish website that lets people bet on anything, has shutdown. In addition to be used by gamblers Intrade has been used by academics and pundits to track public sentiment. "... broad crowds have a lot of information and that markets are an effective way of aggregating that information,” says Justin Wolfers, “and they often turn out to be much better than experts.”"
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