Tag Archives: Wharton School
Science comes to the rescue of the “leading academics” suffering lapses of memory —those who, on Monday, signed on to be on the board of the Prediction Market Industry Association, which is supposed to lobby for the legalization of InTrade’s real-money prediction markets in the United States of America —and, on the next Tuesday, signed Bob’s puritan and sterile petition.
CX717 = “memory pills”
US scientists have invented a pill that can boost memory.
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Invented by Dr Gary Lynch from the University of California.
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John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file):
Nearly all leading academics, not known for their attraction to unanimity, have publicly supported event markets. A great majority of these academics [...]
Pssttt… Did I tell you that I like InTrade CEO John Delaney’s comment to the CFTC about “event markets” (prediction markets)? I can’t remember whether I did tell you that already. (I do suffer memory lapses, sometimes. I know it’s a common affliction, because I see that Robin Hanson and Justin Wolfers, just before they signed Bob’s puritan and sterile petition, completely forgot that they were on the board of the Prediction Market Industry Association, which is supposed to lobby for the legalization of InTrade’s real-money prediction markets in the United States of America. A lapse in memory, probably.)
John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file):
Nearly all leading academics, not known for their attraction to unanimity, have publicly supported event markets. A great majority of these academics have been supplied with Intrade market data in the past, a service that Intrade intends to continue, for all study leads [...]
The Case for Decrimininalization of Prediction Markets
[This article is cross-posted from Major Wager.]
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A recent article in the prestigious academic journal Science (May 16, 2008, Vol 320, p. 877-8) once again makes the case for regulated prediction markets, more commonly known as “betting exchanges” to online gamblers. The authors make the case that such markets are useful in forecasting future events with [...]
We could use a US Gambling And Betting Commission, but the best would be to have prediction exchanges (modeled after BetFair) that alert the sports bodies about any suspicions.
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New York Times:
“Insider trading is a bigger deal in sports than in the financial markets,” said Justin Wolfers, a professor of business and public policy at the Wharton School at the University of Pennsylvania, who studies gambling. “We have the Securities and Exchange Commission here. Why not the same for what is a multibillion-dollar sports [...]
Prediction Market Industry Association
InTrade-TradeSports:
PREDICTION MARKET INDUSTRY ASSOCIATION IS BORN
Monday, Oct 22, 2007
PREDICTION MARKET INDUSTRY ASSOCIATION IS BORN
Industry and thought leaders join forces to help promote and grow the field of prediction markets.
London (Oct 22 2007) – The recent Prediction Market Summit held in London, UK, concluded with the creation of an international industry association tasked with promoting awareness, [...]
Justin Wolfers Seminar: Interpreting Prediction Market Prices as Probabilities
Justin Wolfers Seminar: Interpreting Prediction Market Prices as Probabilities
Justin Wolfers, Wharton School
(talk based on joint work with Eric Zitzewitz)
Monday, May 14, 2007 — 4:00-5:30 pm
3 Cambridge Center, MIT Building NE20, Room 336 Conference Room, MIT, Massachusetts, USA
Paper: PDF file
The LinkedIn Profile of the Top Thinker on Prediction Markets [*]
Justin Wolfers’ profile at LinkedIn:
Assistant Professor of Business and Public Policy at The Wharton School, U. Penn and Public Policy Consultant
Greater Philadelphia Area
Current
* Assistant Professor of Business and Public Policy at The Wharton School, U. Penn
* Visiting Scholar at Federal Reserve Bank of San Francisco
* Faculty Research Fellow at National Bureau of Economic Research
Past
* Assistant [...]
The 27th Annual International Symposium on Forecasting
The 27th Annual International Symposium on Forecasting – Financial Forecasting in a Global Economy @ Marriott Marquis, Times Square, New York City, NY, U.S.A. – 2007-06-24~27
Keynote Speakers
Robert Engle = Michael Armellino Professor of Finance at New York University Stern School of Business, 2003 Nobel Prize in Economics
Charles F. Manski = Board of Trustees Professor of [...]
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