Tag Archives: oil prices

Do Oil Futures Prices Help Predict Future Oil Prices?

Do Oil Futures Prices Help Predict Future Oil Prices? Via Mike Linksvayer in a comment…

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My response to the CFTC on event contracts

Here is my response to the CFTC’s “Concept Release on the Appropriate Regulatory Treatment of Event Contracts.” I appreciate this opportunity to help in working towards regulated prediction markets in the US, and I thank the Commissioners for it. Given … Continue reading

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An automated market maker subisdizes Robin Hanson’s presidential decision-aid markets on Intrade

Peter McCluskey: Automated Market Maker for certain Intrade contracts I have implemented subsidies to encourage trading of some conditional prediction market contracts that may provide useful information about the consequences of the 2008 presidential election, via a simple automated market … Continue reading

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Amateur Journalists (Bloggers) Vs. Professional Journalists (Media) Vs. Wisdom Of Crowds & Collective Intelligence (Wikipedia)

And the wisdom of crowds won, of course. That’s the conclusion I draw from reading Rogers Cadenhead at WorkBench, who assessed what would be the settlement of the LongBets wager on: In a Google search of five keywords or phrases … Continue reading

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The truth on the 2000–2003 US DoD’s DARPA’s IAO’s FutureMAP/Policy Analysis Market project.

The Policy Analysis Market project was badmouthed last week by Bruce Hansen of The Register, so I’m publishing here some excerpts of Robin Hanson’s verbatim. — Robin Hanson: [...] It fell to me to explore possible application areas, and after … Continue reading

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The Recessions of 2003, 2004, 2006 & 2006

From today’s WSJ (subscription required): Meanwhile, back at the economy, you may have noticed that 2006 ended without a recession. This follows the recessions of 2003, 2004 and 2005, all of which also never occurred, though they were widely warned … Continue reading

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2006 and the Econbrowser crystal ball

This seems like a good time to review some of the occasions over the last year when I’ve been brave (or foolish) enough to make a specific quantitative prediction. December 8, 2005. Only 17 more (oil) shopping days until December … Continue reading

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Partisan impacts on the economy: Evidence from prediction markets and close elections – by Erik Snowberg, Justin Wolfers and Eric Zitzewitz – REDUX

The breaking news is that Professor Justin Wolfers (of the Wharton business school in Philadelphia) has responded to my unforeseeable attack and to the subsequent Mike Linksvayer’s comment. A quick response to Chris: Let me clarify what I think the … Continue reading

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