Tag Archives: Hawaii

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

Posted in All Guest Authors's Posts, Analysis (Accuracy & Precision), Analysis (Meta), Exchanges & Markets, Market Expiry, Market Prices & Probabilities | Tagged , , , , , , , , , , , , , , | 3 Comments

Why are prediction markets not “as common as economists might expect”?

Professor Tyler Cowen of Marginal Revolution wrote (with in mind, probably, his old blog post about internal prediction markets): The costs of building coalitions are also a neglected element in the theory of organizations. Even in the private sector, once … Continue reading

Posted in Analysis (Meta) | Tagged , , , , , , , , , , | Leave a comment

U.S. map of the TradeSports-InTrade political prediction markets – REDUX

As announced by Yahoo! scientist David Pennock on this group blog one month ago: 2006 US Senate races 2006 US Governor races My Rant: In the Senate map, Missouri and Virginia appear as WHITE, whereas they should be pale blue, … Continue reading

Posted in Exchanges & Markets, Market Prices & Probabilities, Resources - References | Tagged , , , , , , , , , , , | Leave a comment