October 11, 2009
Britain's Central Planning Death Panels
October 11, 2009
Free Market M.D.
October 11, 2009
Economies of Scale in Compliance
October 11, 2009
Balan's Challenge
October 10, 2009
The Pleasure of Telling Others What to Do
October 10, 2009
Gonick the Great - and How He Could Have Been Greater
October 9, 2009
More Scott Sumner
October 9, 2009
Not From The Onion
October 9, 2009
Thoughts on a Second Stimulus
Arnold
Don't these use "virtual" currency?
I highly doubt we can get as much accuracy
out of fake money...the incentives just aren't there.
If markets look ahead, then they would seem to be saying that the Obama panic is on.
@Tushar
There has been a lot of research into the accuracy of virtual money prediction markets. The bottom line is that they can be just as accurate as real money ones. Google for "Does money matter: prediction markets" to find some good research.