Independent Institute’s weak blog post on prediction markets

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’ll extend the donation offer made in that post through the end of 2009.

About Mike Linksvayer

VP at Creative Commons - California, U.S.A. I place my original contributions at Midas Oracle in the public domain.
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One Response to Independent Institute’s weak blog post on prediction markets

  1. The Open Institute Of Prediction Markets will have to use PMs internally.

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