The Short Names

Askmarkets – Prediction Market Internet-Based Service
http://askmarkets.com/

Askmarkets is an internet-based service for prediction markets, which consists of virtual marketplaces for information trading. Their inspiration for askmarkets stems from several years of research on the topic of prediction markets, enabling them to separate the wheat from the chaff. The concept, at its very core, goes like this. Markets are institutions that are everywhere. From the stock market in New York to the fish market in Tokyo to the flower market in Amsterdam, markets exist and are used for a variety of purposes. But, while stock markets, for example, seem to be so different than betting, or fish and flower markets, in their core all those institutions are essentially the same: Markets bring people together, they sum up their information and transmit it through prices. Askmarkets intends to bring this functionality to the masses. They provide a tool with which anyone can create a virtual market or trade in markets created by others. In other words, they provide a tool which can aggregate the opinions and knowledge of the many and transform these into a meaningful result. Markets arise as the ideal tool to crowdsource cognitive tasks and arrive at consensus results which are typically proven to be more accurate or correct than the opinions of the few experts, as suggested by both theory, experiments and practice. This has been added to Prediction Markets Subject Tracer™ Information Blog.