DIY Prediction Markets
Posted by Nicholas Gruen on Monday, September 17, 2007
Well no doubt this has been around the net for months, but this is the first I saw of it. Prediction markets, ready go go on the net – well pretend ones – with token bets. These guys could make a lot more money – and we’d have better markets – if you could bet real money. But it doesn’t seem to be possible.
Perhaps some enterprising Troppodillian will set a betting market up for us.
This entry was posted on Monday, September 17th, 2007 at 10:02 PM and filed under Economics and public policy, Uncategorised.
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We have some evidence on this point. It turns out that play money markets are actually pretty good.
Posted on 18-Sep-07 at 11:30 pm | PermalinkThat’s the trouble with Andrew Leigh. Picking arguments in which he plans to fight dirty – by using evidence. Very unfair.
Posted on 18-Sep-07 at 11:37 pm | PermalinkI’ve been enjoying myself with Media Predict. They’re about to announce the book deal finalists, and I’m still hopeful for some of my predictions “paying” off.
Posted on 19-Sep-07 at 1:14 pm | Permalink