The New York Times:
Carol Kauffman, an assistant clinical professor at Harvard Medical School: “-When you’re really engaged in a hobby you love, you lose your sense of time and enter what’s called a flow state, and that restores your mind and energy.”- […-] “-That positive emotion builds your cognitive and social skills. If you follow your bliss [*] for a little while, it really gives you a surge of energy.”-
Dr. Gabriela Cora, a psychiatrist who is managing partner of the Florida Neuroscience Center and president of Executive Health and Wealth Institute: “-Making time for enjoyable activities stimulates parts of the brain associated with creative and positive thinking. You become emotionally and intellectually more motivated.”-
Gail McMeekin, a psychotherapist and owner of Creative Success: “-Any time you take a break from routine, you develop new ways of thinking”-.[…-] “-You have to do some market research first and make sure you could earn a living doing your hobby. You also take the risk that making your hobby your career [*] will take all the fun out of it.”-
[*] His “-bliss”- right now is to chronicle the Writers Guild America’-s 2007 strike on Inkling Markets and Midas Oracle .COM.
[**] Told him 10 times!!!!!!!
RECOMMENDED READING: RGGI auction design flaw: Separate sealed-bid auctions for substitute goods poses needless risks for bidders – by Michael Giberson (at Knowledge Problem)
“-RGGI”- is short for the Regional Greenhouse Gas Initiative (North East and Mid-Atlantic). They want to create a multi-state cap-and-trade program with a market-based emissions trading system. Economist Michael Giberson
has found [links to Crampton’-s paper that highlights] “-one serious flaw that threatens the efficiency of the auction: they proposed to auction two goods which are asymmetric substitutes in separate, simultaneous sealed bid auctions.”-
Mike, are there lessons here to learn when it comes to prediction market designs?
Psstt…- The best sentence that Mike has ever told me is this one (from memory):
Maybe there’-s a method in your madness.
Read the previous blog posts by Chris. F. Masse:
- Hot-Linking InTrade’s Advanced Charts
- Prediction Markets on FaceBook
- BetFair SP = BetFair Starting Price
- Gary Flake to David Pennock: Come on board… or die.
- Technology Futurism
- Trade on BetFair-TradeFair as you would trade on TradeSports-InTrade, thanks to order-entry software BinarySoft.
- Pervez Musharraf prediction markets –Eric Zitzewitz Edition