Tag Archives: Arnold Kling

NASSIM NICHOLAS TALEB: Prediction markets are for fools. They might work for a binary election, but not in the Fourth Quadrant.

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NOBEL LAUREATE VERNON SMITH LEAVES ROBIN HANSON’S GEORGE MASON UNIVERSITY TO GO WORKING FOR TOM W. BELL’S CHAPMAN UNIVERSITY.

Felix Salmon: GMU’s economics department is, famously, full of bloggers. Its chairman Donald Boudreaux blogs at Cafe Hayek with colleague Russ Roberts; Robin Hanson founded Overcoming Bias; Bryan Caplan and Arnold Kling blog at EconLog; Peter Boettke blogs at The … Continue reading

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Like I’ve been saying about global warming contracts

There’s a lotta interest out there! I started posting about this back in January. UPDATE: With Chris’s comment, from pictured from right-to-left are: Al Gore, Scott Armstrong, Arnold Kling, and Bryan Caplan.

Posted in All Guest Authors's Posts, Betting | Tagged , , , | 1 Comment

Wisdom of outliers helps crowds, or Average > Median

Arnold Kling, on Edger Capen (of the Winner’s Curse): His main theme is that people under-estimate uncertainty. If someone says, “the chance of X falling between A and B is 90 percent,” the true probability is likely to be 30 … Continue reading

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