Coin Interview 45 with Augur
Update: 2016-12-02
Description
Augur's prediction markets provide powerful predictive data - you can think of the current market price of any share in any market as an estimate of the probability of that outcome actually occurring in the real world. For example, a share priced at 64 cents has a 64% probability of happening.
The accuracy of prediction markets rests in the idea of the "The Wisdom of the Crowd". This states that the average prediction made by a group is superior to that made by any of the individuals in that group. Markets are the perfect way to aggregate this collective wisdom - which is made up of all the information, analysis and opinion held by members of the group. With these individuals buying and selling shares in the outcome of real-world events, based on their personal knowledge and opinion, the market prices reach an equilibrium that reflect the opinion of the entire group.
Prediction markets have proven to be more accurate at forecasting the future than individual experts, surveys or traditional opinion polling. They provide real-time predictive data and are traded using real money - which incentivises market participants to reveal what they think will happen, rather than what they hope will happen. Traders are putting their money where their mouths are.
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Augur Website: https://www.augur.net/
Augur Twitter: https://twitter.com/AugurProject
Augur Youtube: https://www.youtube.com/watch?v=yegyih591Jo&t=1s
Augur Slack: http://invite.augur.net/
Augur Github: https://github.com/AugurProject
Augur Docs: http://docs.augur.net/
Augur Bitcointalk: https://bitcointalk.org/index.php?topic=860629.380
Augur Blog: http://blog.augur.net/faster-event-resolution/
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Coin Interview Website: http://www.coininterview.com/
Coin Interview Twitter: https://twitter.com/Coin_interview
Coin Interview Telegram: https://www.telegram.me/coininterview.com
Coin Interview Patreon: https://www.patreon.com/coininterview
Coin Interview Itunes: http://apple.co/2h3gSUC
Coin Interview Twitch: https://www.twitch.tv/coininterview
Coin Interview Minds: https://www.minds.com/coininterview
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Hosts: Evan, Christian, Alex of http://www.icocountdown.com
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Please support us by donating to our channel using this BTC address: 1HnCoQhUkvtmqbrtzmePujvkwzEjypsCr5 (donations are appreciated)
Disclaimer: This interview is not an endorsement, and does not constitute financial advice, legal advice, or in any other way recommend purchasing, or to avoid purchasing, any crypto token.
The accuracy of prediction markets rests in the idea of the "The Wisdom of the Crowd". This states that the average prediction made by a group is superior to that made by any of the individuals in that group. Markets are the perfect way to aggregate this collective wisdom - which is made up of all the information, analysis and opinion held by members of the group. With these individuals buying and selling shares in the outcome of real-world events, based on their personal knowledge and opinion, the market prices reach an equilibrium that reflect the opinion of the entire group.
Prediction markets have proven to be more accurate at forecasting the future than individual experts, surveys or traditional opinion polling. They provide real-time predictive data and are traded using real money - which incentivises market participants to reveal what they think will happen, rather than what they hope will happen. Traders are putting their money where their mouths are.
-------------------------------------------------------------------------------------------------------
Augur Website: https://www.augur.net/
Augur Twitter: https://twitter.com/AugurProject
Augur Youtube: https://www.youtube.com/watch?v=yegyih591Jo&t=1s
Augur Slack: http://invite.augur.net/
Augur Github: https://github.com/AugurProject
Augur Docs: http://docs.augur.net/
Augur Bitcointalk: https://bitcointalk.org/index.php?topic=860629.380
Augur Blog: http://blog.augur.net/faster-event-resolution/
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Coin Interview Website: http://www.coininterview.com/
Coin Interview Twitter: https://twitter.com/Coin_interview
Coin Interview Telegram: https://www.telegram.me/coininterview.com
Coin Interview Patreon: https://www.patreon.com/coininterview
Coin Interview Itunes: http://apple.co/2h3gSUC
Coin Interview Twitch: https://www.twitch.tv/coininterview
Coin Interview Minds: https://www.minds.com/coininterview
--------------------------------------------------------------------------------------------------------
Hosts: Evan, Christian, Alex of http://www.icocountdown.com
--------------------------------------------------------------------------------------------------------
Please support us by donating to our channel using this BTC address: 1HnCoQhUkvtmqbrtzmePujvkwzEjypsCr5 (donations are appreciated)
Disclaimer: This interview is not an endorsement, and does not constitute financial advice, legal advice, or in any other way recommend purchasing, or to avoid purchasing, any crypto token.
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