Monthly Archives: October, 2009
Influenza’s New Market
We at Dumbagent have always been fans of the Iowa Electronics Market, even using their Influenza Prediction Market as an example of The Dumb Agent Theory at work. We were therefore quite disappointed when we searched this site for information (after a post by Midas Oracle) for information about H1N1 and found no markets after [...]
What a good Crisis it’s been
Companies like AIG and Lehman Brothers, along with many banks, have ceased to exist. Unfortunately many jobs have been lost and many people displaced. Let’s hope for the best for all of them. Also, many people have lost money in the housing market and have had to foreclose. But apart from this hasn’t it been [...]
Invisible Hand at Hand
We have another program we are happy to introduce and, although we don’t usually judge a book by its cover, we’re all the more happy to do so because of its name. Invisible Hand is a program that can be downloaded and remains, true to its name, invisible most of the time. Only when shopping, [...]
The Stupidity of Crowds?
Alan Patrick of Broadstuff.com has a post about how the Wisdom of Crowds isn’t the wisdom of crowds at all, citing the 0.9%, 9%, 90% rule, wherein 0.9% of user generated content is composed of creators, 9% commentators, and 90% consumers (carry the remaining 0.1%?). This means that all the content you read on Wikipedia, [...]
