Tag Archives: economist

Crony capitalism at the heart of the financial system

“Simon Johnson, an economist at the prestigious Peterson Institute in Washington, DC, [] has been leading the argument against overmighty banking.” Simon Johnson @ Wikipedia Simon Johnson’s blog = The Baseline Scenario – PageRank 8/10 – Wow.

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A Mystery Wrapped In A Riddle Inside An Enigma — Summer 2008 Edition

Why the hell did the “Inner Economist” guy used the term “prediction markets” here … ??? … That those sport contract markets are predictive, I get it. But they are not “prediction markets”. -

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The accuracy of prediction markets makes them hard to ignore.

The Economist on prediction markets about future bank bankruptcies. -

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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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“The economist Robin Hanson predicts that some of our computronium-based progeny may colonize the cosmos in a peaceful, cooperative manner, like nice liberal Democrats.”

John Horgan in the WSJ …“like nice liberal Democrats”… ha! ha! ha! — … like Mike Linksvayer, then… (depending on your meaning of “liberal”)… -

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The Case for Decrimininalization of Prediction Markets

[This article is cross-posted from Major Wager.] – A recent article in the prestigious academic journal Science (May 16, 2008, Vol 320, p. 877-8) once again makes the case for regulated prediction markets, more commonly known as “betting exchanges” to … Continue reading

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Justin Wolfers [*] is the most cited prediction market economist

Economist Rankings at IDEAS #390: Vernon Smith — #644: Justin Wolfers – E-mail me if you think I forgot to spot a name in the list. (That could well be. There are so many names in the list.) – [*] … Continue reading

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What public interests are served by event contracts?

Comments continue to trickle in at the U.S. CFTC, in response to the agencies request for comments on its “concept paper on event contracts.” You can find the comments posted so far, all seven of them, on the CFTC’s website. … Continue reading

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Justin Wolfers should have his own Wikipedia entry.

Any Wikipedian out there willing to start off his page? http://en.wikipedia.org/wiki/Justin_Wolfers – Robin Hanson, Tyler Cowen, Steve Levitt, and even Don Luskin and Robert Scoble, have their own Wikipedia entry. Why not Wolfers???… I realized that when I updated my … Continue reading

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Charles Plott (a big-shot economist) condemns all the hype surrounding the prediction markets and the wisdom of crowds.

California Institute of Technology economist Charles Plott: What you’re doing is collecting bits and pieces of information and aggregating it so we can watch it and understand what people know. People picked this up and called it the “wisdom of … Continue reading

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