Information markets have become increasingly popular over the last decade as their ability to accurately forecast future events including election results and Oscar winners have been publicized (Berg and Rietz, 2003; Elberse and Anand, 2007…Through its adaptive crowd sourcing, the HSX is capable of “predicting movie box office results and entertainment award outcomes—as accurate, or more accurate than expert opinions” (Pennock, Lawrence, Nielsen, Giles; 2001). Wolfers and Zitz…Hollywood Stock Exchange. Traders Correctly Pick 7 out of 8 Top Category Oscar Winners Continuing Its Stellar Record. HSX. Hollywood Stock Exchange, 2007. Web. 21 Feb. 2013. <http://www.hsx.com/about/proscar2007.pdf>.
"Motion Picture Produ…
David M. Pennock
scientist · 3 mentions across 1 reading
In this course
David M. Pennock is a computer scientist known for research on prediction markets and crowdsourced forecasting systems, particularly the Hollywood Stock Exchange. His work demonstrates how decentralized trading mechanisms can aggregate dispersed information to produce forecasts that rival or exceed expert judgment, making him central to arguments about collective intelligence and market-based approaches to prediction in the context of AI and algorithmic decision-making.
Mentioned in 1 reading
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