Midas Oracle .ORG » Joseph Stiglitz http://www.midasoracle.org Prediction Markets, etc. Mon, 13 Feb 2012 22:24:30 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Joseph Stiglitz on The Oracle with Max Keiser http://www.midasoracle.org/2009/01/30/joseph-stiglitz-on-the-oracle-with-max-keiser/ http://www.midasoracle.org/2009/01/30/joseph-stiglitz-on-the-oracle-with-max-keiser/#comments Fri, 30 Jan 2009 15:11:15 +0000 Chris F. Masse http://www.midasoracle.org/?p=12738 Continue reading →]]> Basically, Joseph Stiglitz said that the early academic-only prediction markets were rather good, but when they became more popular, they got being manipulated. Instead of asking for the evidence on that, Max Keiser nodded his approval. Well, to be fair, Max has always had this kind of heretic (for me) views —so there is nothing new under the sun.

Political prediction markets open up a new way to buy votes… by manipulating price.

That’s roughly what they discussed together. They developed that a bit.

I will put up the YouTube videos tonite or tomorrow, for you to watch them, if you can’t catch BBC World News on your cable or satellite.

FYI, HubDub (not InTrade or BetFair) was cited on Putin.

(By the way, HubDub CEO Nigel Eccles is on the East Coast these days, so if you want to meet him, send him an e-mail.)

Previously

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]]> http://www.midasoracle.org/2009/01/30/joseph-stiglitz-on-the-oracle-with-max-keiser/feed/ 0 Robin Hanson’s nemesis on prediction markets http://www.midasoracle.org/2009/01/29/joseph-stiglitz-the-oracle-max-keiser-prediction-markets/ http://www.midasoracle.org/2009/01/29/joseph-stiglitz-the-oracle-max-keiser-prediction-markets/#comments Thu, 29 Jan 2009 17:05:35 +0000 Chris F. Masse http://www.midasoracle.org/?p=12729 Continue reading →]]> World-Wide Web Exclusive (please, credit “Midas Oracle”)

On tomorrow’s The Oracle show run by Max Keiser, Joseph Stiglitz (on his way to Davos) talks about prediction markets.

Check the BBC World News website for local times.

I will re-publish the YouTube videos on Saturday. Check this space.

In 2003, Joseph Stiglitz used the words “absurdity” and “mockery” when dissing one aspect of Robin Hanson’s Policy Analysis Market. (Few people know that the “terrorism futures” idea was imposed by someone else than Robin Hanson, actually.)

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]]> http://www.midasoracle.org/2009/01/29/joseph-stiglitz-the-oracle-max-keiser-prediction-markets/feed/ 0 Meet the most virulent adversary of Robin Hanson’s 2003 Policy Analysis Market. http://www.midasoracle.org/2007/11/27/meet-the-most-virulent-adversary-of-robin-hansons-2003-policy-analysis-market/ http://www.midasoracle.org/2007/11/27/meet-the-most-virulent-adversary-of-robin-hansons-2003-policy-analysis-market/#comments Tue, 27 Nov 2007 08:32:17 +0000 Chris F. Masse http://www.midasoracle.org/2007/11/27/meet-the-most-virulent-adversary-of-robin-hansons-2003-policy-analysis-market/ Nobel Prize-winning economist Joseph Stiglitz speaks about his book, Making Globalization Work.

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