Sport and fitness

Luck, Markets and the Wisdom of Crowds: A Final Update on My Ncaa Basketball Brackets

Michael Giberson An update on my “Markets vs. Wisdom of Crowds” NCAA Men’s Basketball Tournament brackets. See the earlier discussion here. The Market bracket (based on Ticket Reserve fan forward prices) beat the Wisdom bracket (based on ESPN’s “national bracket” aggregation of 3 million plus entries submitted), with final scores in the ESPN tournament challenge …

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Markets Vs. The Wisdom of Crowds in Picking Ncaa Basketball Winners

Michael Giberson Once again this year, like millions of folks around the country, I filled out a NCAA basketball tournament bracket. Once again, my bracket is far from perfect. Once again, this year, I have been searching for an edge. (Preferably, the kind of edge that will enable me to out-pick my sports-minded, math-teacher wife.) …

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Ticket Reserve Market Tells Us Who Was Dissed by the Selection Committee

Michael Giberson The 65-team field selections had barely finished being announced on Sunday when CBS commentators began complaining about the selections and the seedings. One ESPN story on the subject is online here. Sports commentators are paid for maintaining audience, and controversy probably keeps an audience tuned in, but what does the market data say …

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