Monthly Archives: April 2008

Blah, blah, blog. My blog, blah, blah, blah. Blog, blah, blah, blah, blog.

If, like me, you weren’t invited at the Robin Hanson party, then here’s a way to catch up: VIDEO of four economics bloggers on a panel at a conference organized by the Michael Milken Institute —among them Felix Salmon. I … Continue reading

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Starting May 26, 2008, any British company using a brand ambassador “falsely representing oneself as a consumer”, or any British blogger failing to disclose he/she has accepted money to write about a product, will face a fine or prison sentence. No kidding.

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The Funniest Thing I Read This Morning

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HubDub’s Nigel Eccles pinches Henry Blodget’s nose (like trumpetist Miles Davies did for one of his musicians, on stage, one day), and the damn result of that, believe or not, is that the valuation of The Sporting Exchange (BetFair-TradeFair) drops from $5 billion to $3 billion. So, either Nigel should be celebrated for telling the truth, or his ass should be kicked for ruining the party.

Nigel Eccles: How did you forget yadda yadda yadda. [ Hilarious. ] Nice list, roughly makes sense but lots to disagree with (as you would expect). However one clear mistake is BetFair. They should be valued at $3 billion. They … Continue reading

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Right-click on Mike Linksvayer’s mugshot to open, in another browser tab, the discussion thread on baseball decision-aid markets, with Mike Giberson, and an elliptic comment from Robin Hanson.

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If the British legal betting companies offer bets on the sport, it is because there is demand for bets on the sport —and if that demand were not offered in a regulated environment, it would be filled in an unregulated one (like what we see with TradeSports-InTrade and MatchBook in the US market).

Mark Davies of BetFair (PDF file): International Leaders in Sport conference, Auckland, New Zealand. April 3-4th 2008. Keynote speech, April 4th. Mark Davies, Betfair. “New Understandings in Sports Betting” Minister, ladies and gentlemen… Thank you very much for your kind … Continue reading

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Are prediction markets all hat and no cattle?

Asks Lucy Vega. How are you going to get figures, Lucy? Nigel, what the hell were you doing in Texas?? -

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Keith Anderson’s got some good DATA VISUALIZATION links for you.

http://infosthetics.com/ http://flowingdata.com/ http://www.visualcomplexity.com/vc/ http://benfry.com/writing/ http://www.formfollowsbehavior.com/ http://dd.dynamicdiagrams.com/ http://blog.many-eyes.com/ http://datamining.typepad.com/data_mining/ http://simplecomplexity.net/ http://leebyron.com/how/ http://eagereyes.org/ http://accuracyandaesthetics.com/ http://www.juiceanalytics.com/writing/ http://diuf.unifr.ch/people/bertinie/visuale/ http://well-formed-data.net/ http://www.numberpix.com/ http://www.mentegrafica.it/blog/ http://junkcharts.typepad.com/junk_charts/ http://informationandvisualization.de/ http://designnotes.info/ http://perceptualedge.com/blog/ http://shiffman.net/ http://abeautifulwww.com/ http://makingmaps.wordpress.com/ http://www.bestiario.org/blog/ – (Via Tom Carden) – Keith Anderson (Senior Analyst at RNG) -

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This could be the election cycle that legitimizes Web-based prediction markets.

Let’s hope that that WSJ columnist is right. – Another MSM journalist who draws heavily on Koleman Strumpf‘s work and does not cite him, or his colleague (Paul Rhode). What a shame. PDF file of the paper on historical prediction … Continue reading

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“I’ll make a $500 donation to the first think thank that makes an interesting, non-bogus use of real-money prediction markets before the end of 2007. I’ll be the judge of bogosity and interestingness, but I can say that a paper about prediction markets counts as uninteresting.”

Mike, My Good Lord, Would prediction market journalism (that is, showing to the normal people on the street that prediction markets can help understand better baseball games, or whatever else, on top of being fun and pure) fit your criteria … Continue reading

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