Tag Archives: Greg Mankiw

Greg Mankiw doesn’t agree with the InTrade prediction markets on the future tax rates.

“This surprises me.” The Jason Ruspini prediction markets (the “tax futures”).

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Multi-millionaire, Republican, professor of economics Greg Mankiw uses Jason Ruspini’s tax prediction markets at InTrade to assess the probability that a hypothetical John McCain presidency starting in 2009 assumes a raise in federal taxes.

Via Marginal Revolution P(tax hike / McCain) = 74%. APPENDIX: Robin Hanson does not know yet who he is going to vote for, in November 2008… and feels that no scholar can help him.

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Who did best in explaining the prediction markets to the lynching crowd?

After the New Hampshire fiasco, 16 18 people came to defend the prediction markets, so far. So far, the best takes are from: George Tziralis Robin Hanson Jonathan Kennedy and I’ll give the 4th spot to a combo, mixing takes … Continue reading

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Yes, Economics is a Science.

ESA: The Economic Science Association (ESA) is a professional organization devoted to economics as an observational science, using controlled experiments to learn about economic behavior. The ESA welcomes participation by economists interested in the results of such experiments, as well … Continue reading

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Who will get the 2007 Nobel prize in economics?

Steve Levitt (from the New York Times / Freakonomics blog): 4) Both Ladbrokes and InTrade allow betting on who will win the Economics Nobel Prize. This is crazy. Nobody cares about this except economists, and hardly any economists gamble! Only … Continue reading

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Forecasting Tools for Anything

Via economist Greg Mankiw, economist Ian Ayres: Featured In Super Crunchers: Predict Your Child’s Due Date (Ayres) Predict the Value of Bordeaux (Ayres) Predict Justice Kennedy’s Vote (Ayres) Personal/Family: Predict How Long You’ll Live (Northwest Mutual) Predict Your Child’s Due … Continue reading

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Publish or Perish is a software program that retrieves and analyzes academic citations.

Via Greg Mankiw, Publish or Perish: Publish or Perish is a software program that retrieves and analyzes academic citations. It uses Google Scholar to obtain the raw citations, then analyzes these and presents the following statistics: * Total number of … Continue reading

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Hal Varian becomes Google’s chief economist.

— Via Greg Mankiw (whom you will have to read between the lines), this New York Times piece: The View column will now be written by a rotating panel of outside economists. Besides Mr. Mankiw, it will include Alan Blinder, … Continue reading

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Is there manipulation in the Hillary Clinton Intrade market? Redux.

Both Eric Zitzewitz and I have recently noticed some suspicious activity in the InTrade market for whether Hillary Clinton will be elected President, with someone bidding up her odds from about 25 to around 40 (currently hovering at 38). This … Continue reading

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Manipulation can affect prices.

For the last two weeks a very interesting manipulation has been going on in Intrade‘s “Hillary Clinton for President” contract. 1. The contract had been trading between 23 and 26 all year. It has consistently been about half the price … Continue reading

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