I was happy to notice that the Independent Institute, the pro-market think tank that published Entrepreneurial Economics in 2002, featuring a Robin Hanson chapter on decision markets (and much else good), published a blog post titled Forget Polls: Look at Prediction Markets on the Election. Unfortunately, while the post mentions prediction markets, they are only used as a jumping off point for an oft-repeated and boring argument that voters ought consider candidates outside the dominant parties.
Sadly, I think the think tank question I posed at the end of 2006 is still no: When has a pro-market think tank ever subjected its policy recommendations to market evaluation?
So, I’-ll extend the donation offer made in that post through the end of 2009.
Previous blog posts by Mike Linksvayer:
- Voodoo analysis of prediction market contracts
- Bob Barr markets
- Bob Barr candidacy fails market test.
- Small comforts of prediction markets
- The Economist is taking suggestions.
- Long-term housing derivatives?
- Economists to Watch