Category Archives: All Guest Authors’s Posts

Are InTrade lying about the number of ‘predictions’ they process? — [GUEST AUTHOR]

Intrade now post the following claim on their home page: Platform Metrics (More Soon) Platform operational: Since 2001 Total Predictions: 619,141,899 Average Daily Predictions: 169,589 This is just a preposterous misrepresentation of the volume of activity on the site. The … Continue reading

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U.S. Supreme Court Prediction Market — [PAPER]

Recently posted to SSRN: FantasySCOTUS: Crowdsourcing a Prediction Market for the Supreme Court, a draft paper by Josh Blackman, Adam Aft, & Corey Carpenter assessing the accuracy of the Harlan Institute’s U.S. Supreme Court prediction market, FantasySCOTUS.org. The paper compares … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Accuracy & Precision), Analysis (Market Proposals), Exchanges & Markets, Market Prices & Probabilities, Prediction Post-Mortem | Tagged , , , , , , , , , , , | Leave a comment

The 2010 Global Warming Exchange has been closed.

Here. 2010 was a warm year, despite record snow and ice in highly populated areas. Here is the message I provided on the expiry: The NASA GISS GLOBAL Land-Ocean Temperature Index for 2010 averaged out to 0.6325 Celsius above baseline. … Continue reading

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Gold and Real Interest Rates

The impact of real rates on gold is becoming more widely appreciated, which in itself worries me. Part of the reason I like gold is that there is so much noise around it and few seem to understand what drives … Continue reading

Posted in All Guest Authors's Posts, Analysis (Market Calls), Finance, Financial Markets | Tagged , , | 1 Comment

Technological change and asset returns

Peter Thiel thinks our entire civilization and culture is predicated on accelerating technological change. Specifically, technological growth has an important but poorly understood impact on economic growth, asset returns and the need to work over the course of one’s life. … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Economics, Financial Markets, History, Science | Tagged , , , , | 3 Comments

More Garbage Words: Social Security, “A Minor Fiscal Issue”

Paul Krugman calls Social Security a minor fiscal issue, citing this report in which Social Security spending as a percent of GDP levels off at around 6% in 2030. For someone whose blogging modus operandi is pointing out disingenuous arguments … Continue reading

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Mark Thoma, Superficial Blogger

His post, “The Myth of the Social Security Shortfall”, here, but if you don’t want to defer thinking, read Mish Shedlock on pension underfunding instead. Yes, taxes will have to go up, but it’s not as though sunsetting the Bush … Continue reading

Posted in All Guest Authors's Posts, Economics, Ethics, Politics, The Global Economy | Tagged , , , , , , , , , , , , , | Leave a comment

The Interdependence of Prices and Gold

I gave a talk on Thursday night at the New York Investing Club meeting. The basic points: Gold does well when real rates of return are low. Real rates describe the price of gold much better than inflation alone. This … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Data), Analysis (Market Efficiency), Finance, Financial Markets, Money, The Global Economy | Tagged , , , | Leave a comment

What’s different about Predictalot?

A predictalot user asked: What’s the difference between predict a lot y Bolsa de predicciones? they have the same things or at least very similar. ?Are you the same? They have predictions, groups, events etc. the only difference is the … Continue reading

Posted in All Guest Authors's Posts, Betting, Collective Intelligence - Wisdom Of Crowds, Economics, Exchange & Market Designs, Exchange Genesis, Exchange Liquidity, Exchanges & Markets, Inventions & Innovations, Market Makers (Automated), Market Prices & Probabilities, Research | Tagged , , , , , | 1 Comment

CFTC Takes Jurisdiction Over “Prediction Markets”.

First, a hearty congratulations to Robert Swagger and Trend Exchange. Along with the Cantor Exchange folks, they have run quite a gauntlet, and although there remains a tremendous obstacle in the form of the Lincoln amendment, I consider these exchanges … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Exchanges & Markets, Finance, Hedging & Insurance, Inventions & Innovations, Regulations | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment