Tag Archives: self-fulfilling prophecies

Book Review: The Limits of Transparency

Jacqueline Best’s The Limits of Transparency is carried by sensible concerns on the tension between efficiency and stability, the tension between promoting employment and stable money, and the political implications of seemingly neutral economic policy. However, while economists, market participants … Continue reading

Posted in All Best Posts Ever, All Guest Authors's Posts, Analysis (Market Efficiency), Economics, Finance, Philosophy, Politics, Regulations | Tagged , , , , , , , , | Leave a comment

The possibility of self-fulfilling or self-defeating prophecies is an issue with any forecasting mechanism where forecasters have any incentives to offer more, vs. less, accurate forecasts. It is not a problem particular to prediction markets.

Robin Hanson responds to Rajiv Sethi. Follow-up post

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