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
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