Michael Giberson Proposals to increase government oversight of the energy markets, particularly over-the-counter trading, are unlikely to reduce volatility in those markets, some market analysts predict. So begins a Dow Jones Newswire story on the reaction to the Senate Permanent Subcommittee on Investigations report on “excessive speculation” in natural gas markets. (I discussed the report …
Lynne Kiesling A few mergers have been in the news recently, including the Whole Foods/Wild Oats merger that the U.S. Department of Justice Federal Trade Commission has decided it will challenge. In February I commented that I thought the appropriate market in which both firms compete includes options like Trader Joe’s and community agriculture. Apparently …
Lynne Kiesling Seeing the Police at Wrigley Field last week has reinvigorated my too-long dormant fascination with Stewart Copeland. And I’m not alone; Sun-Times music critic Jim DeRogatis turns out to be the same age as I am, and to have had similar behavior when attending Police concerts the first time around: I first saw …
A Final Comment on the Police Concert and Stewart Copeland Read More »
Michael Giberson Online magazine Slate has published the Tim Hartford column on possible manipulation of the “H. Clinton becomes President in 2008” prediction market at Intrade. (Yes, the same column that appeared June 29 at the Financial Times , and blogged about here on July 1.) On this topic, Slate is late and even the …
Deep-pocketed Manipulators Are a Prediction Market’s Friend Read More »
Lynne Kiesling Thursday was a gorgeous day in Chicago; a bit humid, but it was still an amazing evening for The Police concert. Overall I thought it was a fantastic show, and unlike Greg Kot at the Tribune, I was perfectly happy with the start of the show (“Message In A Bottle”) and the fact …
Concert Report: The Police at Wrigley Field, First Show Read More »
Lynne Kiesling Yeah, what he said. I agree with Mike’s previous post about real-world detail and experimental economics (and thanks for mentioning the Electricity Journal article!). The wind tunnel metaphor is apt for the use of experimental economics to test market designs and policy proposals; testing them in an environment that captures the most salient …
Michael Giberson At Economist’s View, Mark Thoma has had a pair of recent postings on experimental economics. A few days ago he quoted extensively from a posting at VoxEu by Steffen Huck and Jean-Robert Tyran. In brief, Huck and Tyran said, “Experimental economics opens the door to better policy design. Laboratory experiments should be used …
Michael Giberson Over at the Freakonomics blog, Steven Dubner has an interview with John Delaney, co-founder of prediction market Intrade. Topics include insider trading, the legal status of prediction markets, and which markets have been most popular. (HT Midas Oracle.)
Michael Giberson “I think there are a significant amount of people who call themselves hedge-fund managers who have been very lucky because they were able to ride the market wave.” — Daniel A. Strachman, author of The Fundamentals of Hedge Fund Management In mid-2006, that lucky group included a number of employees of Amaranth Advisors …
Michael Giberson The Washington Post has a confused-but-useful article on hedge funds on this morning’s front page. From the second paragraph: Hedge funds hold unparalleled sway over the financial markets, as confirmed by the recent unraveling of $20 billion in Bear Stearns funds. Portrayed as the new masters of the universe by author Tom Wolfe, …
Another Confused-But-Useful Newspaper Story on Hedge Funds Read More »
Copyright © 2022 Knowledge Problem Archive