Tag Archives: David Leonhardt

What InTrade CEO John Delaney told the CFTC about “event markets” (prediction markets)

John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file): July 4th 2008 The Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street NW Washington, DC 20581 U.S.A. Attention: Office of the Secretariat RE: “Concept Release … Continue reading

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Irrational Exuberance 2007 + Long-Term P/E Ratios

Technical Note: P/E ratios = price-to-earnings ratios David Leonhardt: [...] So [professors Benjamin Graham and David L. Dodd] argued that P/E ratios should not be based on only one year’s worth of earnings. It is much better, they wrote in … Continue reading

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Misunderstanding Prediction Market Failures

Every now and again, I read something that simply makes my head spin. This [] New York Times article on prediction markets was just such a head-spinning column. It reached such a bizarre conclusion that it begs for comment. Longtime … Continue reading

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New York Times on prediction markets — Daniel Gross begs to differ.

Daniel Gross (on his blog, not on Slate): David Leonhardt has an interesting column in the New York Times on prediction markets like Intrade and elections. But the chart presented with the article, which shows the price of futures on … Continue reading

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