Statistical Thinking and Data Analysis: Introduction to Smarter Decision-Making

Statistical Thinking and Data Analysis: Introduction to Smarter Decision-Making

Statistical thinking is an approach to process information through the lens of probability and statistics so as to make informed decisions. This series of blogs takes you through a journey where we begin with introducing statistical thinking, make a brief stopover to understand Bayesian statistics and then dwell on its applications in financial markets using … Read more

Decentralized Prediction Markets: A New Era of Forecasting and Decision-Making

Decentralized Prediction Markets: A New Era of Forecasting and Decision-Making

By Terry Ashton, updated February 6, 2025 Prediction markets enable trading contracts on future events. Contract prices reflect the market’s belief in an event’s outcome. For instance, a candidate’s election contract price rises as their victory chances increase Traditionally, prediction markets have been centralized, controlled by a single entity. This centralization presents inherent risks: Manipulation: … Read more