Tag Archives: institution designer

“I am much more aligned with InTrade than you are, Chris.”

That came from a margin trader [*] and prediction market blogger. Well, if you practice (amateur or professional) journalism (which blogging is), then I don’t see how you can be interesting to your audience if you are “aligned” with one … Continue reading

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The Growth of Gambling and Prediction Markets: Economic and Financial Implications

Bruke Hansen: [...] The day concluded with three papers covering prediction markets, the first by Robin Hanson, the world’s leading proponent of prediction markets and former head of DARPA’s notorious “terror casino”. Robin Hanson – futarchist, cryogenic enthusiast, and all … Continue reading

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2006 North Korea Missile prediction market: a scandal signed TradeSports-InTrade

Did BetFair mess the expiry of the 2006 US Senate prediction markets?… UK blogger Mike Smithson thinks so. Anybody who had money on last November’s US MidTerms Senate market with Betfair will know what happens when the rules are not … Continue reading

Posted in Analysis (Accuracy & Precision), Analysis (Industry), Ethics, Exchanges & Markets, Market Expiry | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 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

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