Mix, Rip, Burn Your Research

You’ve done research; you’ve collected and sifted through mounds of links, papers, articles, notes and raw data. Shouldn’t there be a way to manage all that material that’s as easy and intuitive as, say, iTunes or Zune – helping you manage and share your snippets and research the way you share and enjoy your music?

Prediction Markets: Research and Limits

Fact: A story in Science Daily this week, “Election Forecasters Preparing For Historic Election,” relates the publication this month of the “assembled insights of prominent election forecasters in a special issue of the International Journal of Forecasting.” 

Analysis:  The journal articles are available here for download.  One of them, “Prediction Market Accuracy in the Long Run” (by Joyce E. Berg, Forrest D. Nelson, and Thomas A. Reitz from the University of Iowa’s Tippie College of Business), compares the presidential election forecasts produced from the granddaddy of them all, the Iowa Electronic Market (IEM), to “forecasts from an exhaustive body of opinion polls.”  Science Daily says they find that the IEM is “usually more accurate than the polls.”

If we extrapolate out, these election markets are special cases of prediction markets, and I’m always interested in those.

How to Find Research: Here, There, Everywhere

FACT: The Washington Post today has a story in the Business section (“Intelligence Agency Joins U-Md. Research Center“) about the relationship between IARPA and the University of Maryland, the location of the planned new IARPA headquarters. 

ANALYSIS: UMd has a set of valuable relationships with the public- and private-sector national security community, and the IARPA startup is just the latest agency to benefit.   Proximity is key, for research and bureaucracy.  In Maryland’s case, IARPA Director Lisa Porter told an IEEE interviewer last month that “It’s nice not to be sitting right next to one particular agency. It’s also nice to be near a university because we’re sending a message that we want to bring in nontraditional partners: academia, industry. It sends a nice message that we’re embracing the broad community to help us solve these challenging problems.”

I lament sometimes that Charlottesville (home to my undergraduate alma mater) is a good two hours away from DC, as even that distance puts a frustrating limit on the amount of joint work that winds up being done with Virginia faculty and students.