Tyler Cowen asked the readers of his blog (Marginal Revolution, the #1 blog on economics) which questions Robin Hanson should be grilled with. Here is what I suggested:
The failure of enterprise prediction markets to take off, in spite of Robin Hanson pumping them up:
http://www.economist.com/business/displaystory.cfm?story_id=13184829
Posted by: Midas Oracle at Mar 4, 2009 2:07:51 AM
Eight minutes of their BloggingHeads video are devoted to my question.
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Tyler vs. Robin on the merits of cryonics (12:23)
Does fiction weaken your grasp of reality? (06:52)
Are economists evil? (12:10)
How to estimate the value of a person’s life (06:04)
Will prediction markets ever really take off? (08:06)
Has fame made Tyler boring? (02:27)
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Download this post if you don’t see the video widget embedded just above.
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Robin Hanson gave the usual boring answer to this hard question —the usual boring answer that prediction market people have been giving since the Yahoo! Confab conference in 2006:
“It takes time.”
Addendum: See the opinion of Adam Siegel of Inkling Markets for a more positive assessment than mine.
