Victory of the mind over matter!!!!!!
The PopSci PPX prediction exchange has finally created a jatropha biofuel prediction market, as the Freakonomics blog was suggesting them to do.
[...] some Goldman Sachs data on the estimated cost per barrel of fuel made from a variety of sources:
Cellulose: $305
Wheat: $125
Rapeseed: $125
Soybean: $122
Sugar Beets: $100
Corn: $83
Sugar Cane: $45
Jatropha: $43
Now, the second part of the equation is to promote this new prediction market, so it gets traded and a running-time probabilistic prediction is generated. (The interaction between a blog audience and a prediction market is part of my concept of X group. I’m bullish on that.)
Next: Freakonomics + PopSci PPX = Not yet an X group + THE FREAKONOMICS BLOG AND THE JATROPHA PREDICTION MARKET AT POPSCI PPX NOW FORM AN X GROUP.
