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Jason Dana

  • To Improve the Accuracy of Prediction Markets, Just Ask

    In theory, prediction markets give the most accurate possible forecasts because they incorporate all available information. But a study by Yale SOM’s Jason Dana and his co-authors showed that in some cases, forecasts can be improved by simply asking people what they think will happen. 

    A crowd of people on the street with percentages indicating their opinions.
  • Why Good Advice Is Often Bad

    According to research by Yale SOM’s Jason Dana and Daylian Cain, psychological factors make unbiased advice a more difficult task than it appears at first glance.