Independent Institutes weak blog post on prediction markets

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I was happy to notice that the Independent Institute, the pro-market think tank that published Entrepreneurial Economics in 2002, featuring a Robin Hanson chapter on decision markets (and much else good), published a blog post titled Forget Polls: Look at Prediction Markets on the Election. Unfortunately, while the post mentions prediction markets, they are only used as a jumping off point for an oft-repeated and boring argument that voters ought consider candidates outside the dominant parties.

Sadly, I think the think tank question I posed at the end of 2006 is still no: When has a pro-market think tank ever subjected its policy recommendations to market evaluation?

So, I&#8217-ll extend the donation offer made in that post through the end of 2009.

Previous blog posts by Mike Linksvayer:

  • Voodoo analysis of prediction market contracts
  • Bob Barr markets
  • Bob Barr candidacy fails market test.
  • Small comforts of prediction markets
  • The Economist is taking suggestions.
  • Long-term housing derivatives?
  • Economists to Watch

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