August 01, 2003
The Power Of Markets III
The FUD around killing the policy analysis market is hysterical. Does the press really think the people running the policy analysis market were going to allow bets like "will world leader X get assassinated next week?" Sheesh.
The Blog at DefenseTech.org has a great round up of all the different articles and studies done on predicting political events with futures markets. Dan Gillmor also argues for the market. A paper by Andrew Leigh, Justin Wolfers and Eric Zitzewitz at Stanford looks at the market reactions to ousting Saddam.
The Foresight Exchange is another example of a market trading on future events.Posted by Abner on August 1, 2003 11:30 AM | TrackBack