Sunday, June 18, 2006

Intelligence of the Masses

So one of the more interesting things I've found in financial theory is the use of markets or "many minds" to forecast or determine the outcome of something. Normally this applies to stocks, but they also use it to predict elections and I think some academians have found some other uses for it.

Thus, I was very happy when my friend sent me this chart;

http://finance.yahoo.com/q/bc?s=NYT&t=5y&l=on&z=m&q=l&c=

If the masses are correct, snooty, out-of-touch media elites will go the way of the Ozone Hole Crisis.

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