Real World Applications
Direct correlations have been found in results from groups surveyed on their predictions on many topics and the actual outcome of those events. For example, in the 1940s, large groups of individuals betting on elections had remarkable predictive accuracy.
Many corporations are realizing the value of finding consensus from prediction games and using that to determine influence and conditional influence on real events.
Furthermore, questions that focus on users' opinions of a certain outcome are often seen as polls. The results derived from these polls are a good indication of how the actual outcome of the event will unfold.
Read more about this topic: Prediction Game
Famous quotes containing the words real world, real and/or world:
“When truth is nothing but the truth, it’s unnatural, it’s an abstraction that resembles nothing in the real world. In nature there are always so many other irrelevant things mixed up with the essential truth. That’s why art moves you—precisely because it’s unadulterated with all the irrelevancies of real life.”
—Aldous Huxley (1894–1963)
“The ravaged face in the mirror hides the enchanting youth that is the real me.”
—Mason Cooley (b. 1927)
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And nothing their end bringing;
If this should be, then how should we
Here make an end of singing?”
—Unknown. If All the World Were Paper (l. 21–24)