Monthly Archives: March 2010

The Tragedy Of Alex Tabarrok

Posted on March 21, 2010 by Chris F. Masse

Debunking his Marginal Revolution post on Zimbabwe. UPDATE: Alex Tabarrok has taken into account the piece above.

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“In 1965, Congress said Medicare would cost $9 billion by 1990. In reality, it cost $67 billion –seven times more than the prediction.”

Posted on March 20, 2010 by Chris F. Masse

Ron Paul – - ADDENDUM More info on health care reform on Memeorandum, Politico and Slate.

Posted in Exchanges & Markets, Market Liquidity, Market Prices & Probabilities, Politics | Tagged , , , , , , , , , , | 8 Comments

Does InTrade participate on its own prediction markets?

Posted on March 19, 2010 by Chris F. Masse

One (anonymous) InTrade trader: I am utterly convinced Intrade participates in its own markets. Every few hours some kind of API hits the bids on the GOP 2012 nomination contract when the bids sum to more 100. It will even … Continue reading →

Posted in Exchange & Market Management, Exchange Liquidity, Exchanges & Markets, Market Makers (Automated), Market Makers (Human), Market Trading | Tagged , , , , , | 2 Comments

What was Max Keiser doing at InTrade HQ two years ago? –> “due diligence”…!??…

Posted on March 19, 2010 by Chris F. Masse

Max Keiser: [...] I asked John Delaney and his tech team when I was doing my due diligence on InTrade a couple of years ago in Dublin – about the firm’s own participation in making markets – and the potential … Continue reading →

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2010 Economics Bloggers Forum

Posted on March 19, 2010 by Chris F. Masse

The Kauffman Foundation is organizing a meeting of economics bloggers. I was not able to join them, this time. I will be watching the webcast, today. 2010 Economics Bloggers Forum Hosted by the Kauffman Foundation 8:30 a.m. Welcome by Tim … Continue reading →

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Nate Silver: InTrade probability on ObamaCare is quite right.

Posted on March 19, 2010 by Chris F. Masse

Nate Silver: I’m not sure if you should particularly care about the little 5 or 10 point hedges (usually to the pessimistic side) that I’ve periodically been recommending around the Intrade contract on the chances of reform passing. Even if … Continue reading →

Posted in Collective Forecasting, Exchanges & Markets, Market Liquidity, Market Prices & Probabilities, Politics, Predictions - Forecasts | Tagged , , , , , , , , , , | 3 Comments

When the ObamaCare event derivative reaches 80%, I will officially declare America as a socialist country —just like France and Sweden.

Posted on March 18, 2010 by Chris F. Masse

ADDENDUM More info on health care reform on Memeorandum, Politico and Slate.

Posted in Exchanges & Markets, Market Liquidity, Market Prices & Probabilities, Politics, Predictions - Forecasts | Tagged , , , , , | 2 Comments

Selling Us Short: The Limits of Markets (and Governments) – Joe Stiglitz and Jim Chanos – [VIDEO]

Posted on March 18, 2010 by Chris F. Masse

More Via

Posted in The Global Economy | Tagged , , , , , , , | Leave a comment

MAX KEISER FOR PRESIDENT… of Greece

Posted on March 18, 2010 by Chris F. Masse

Midas Oracle started the thing, but now one Greek blogger is carrying the project officially. A petition is forming on the Internet to draft Max Keiser into Greek politics. 23,000 views, so far —and it’s just a start.

Posted in Humor, Politics | Tagged , , , , , , , | Leave a comment

History of BetFair, from the concept to the startup —in Andrew Black and Edward Wray’s own words

Posted on March 18, 2010 by Chris F. Masse

I already linked to it, but you should re-read the 2008 TIME interview of BetFair’s two founders. Awesome literature, if you are an entrepreneur. Take 10 minutes today to read that.

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