Really? Their effectiveness at, say, running countries or other practical applications, sure; but their effectiveness at collating information, as was referred to in the article?
It seems to me that the article referred to practical applications:
But by now we should know very well that we would get more accurate estimates more cheaply on most widely discussed issues of fact by creating (and legalizing), and if need be subsidizing, speculative betting markets on such topics.
Ah, I assumed they were referring to political discussions (elections and so on) due to the reference to punditry immediately afterwards? I suppose I can see how either interpretation could result due to different emphases, so this is useful information to the OP regardless.
Really? Their effectiveness at, say, running countries or other practical applications, sure; but their effectiveness at collating information, as was referred to in the article?
It seems to me that the article referred to practical applications:
Ah, I assumed they were referring to political discussions (elections and so on) due to the reference to punditry immediately afterwards? I suppose I can see how either interpretation could result due to different emphases, so this is useful information to the OP regardless.