Michael Giberson Ken Silverstein has a column about restructured retail electric power markets up at EnergyBiz Insider. He’s collected a variety of viewpoints and generally provides an update on the current state of things. He saves the fun part until nearly the end, where he quote Andrea Morrison, regulatory affairs director of Strategic Energy: With …
Michael Giberson I have a post up at Midas Oracle about some research into the effects of picking an outcome on the enjoyment a person gets from watching a contest. Here’s the first part: “When people make these predictions, they have this little sliver of doubt – ‘What if I’m wrong?,’” [Stephen] Nowlis says. … …
Does Picking a Winner Lessen the Fun of Watching a Contest? Read More »
Michael Giberson TechNewWorld has an article about the barely exploited potential for banking services in virtual worlds, along with a discussion of the varying policies of virtual worlds toward 3rd-party financial services and exchange rate policies between virtual and real-world currencies. Many banks and companies are getting in on the ground level, building up a …
Banks and Exchange Rate Policies for Virtual Worlds Read More »
Michael Giberson Apparently bloggers are not reliable market forecasters. Or, at least, that is the conclusion of an analysis by the CXO Advisory Group LLC comparing market returns to the Ticker Sense Blogger Sentiment Poll. The CXO blog concluded that “blogger sentiment: (1) mostly reacts to what just happened in the stock market; and, (2) …
Bloggers’ Free Investment Advice Worth Every Penny Read More »
Michael Giberson Prediction markets (a category which includes gambling on event outcomes) work well in some cases and less well in others. Justin Wolfers and Andrew Leigh have an overview of prediction markets appearing in The Melborne Review, which states the pertinent point: “attempts to set up markets on topics where there are insiders with …
Michael Giberson The U.S. interstate natural gas pipeline system may not be particularly exciting, but it is vital to the energy industry and that means vital to energy consumers. Need help getting started understanding this mostly invisible infrastructure? EnerPub has produced a thorough introduction. The U.S. natural gas pipeline network is a highly integrated transmission …
Michael Giberson [PREAMBLE: This post is a follow-up to Lynne’s recent post, “Reconciling A Hayekian/Organic Approach With ‘Designing’ Markets.” If you haven’t already read it, I recommend reading it first. Otherwise, when I get to the part of my post where I say, “I liked D. F. Linton’s question and I liked Lynne’s answer, too,” …
Michael Giberson Last week, a Dutch “reality” show was announced in which three patients in need of a kidney transplant would compete to acquire a kidney to be given by a living donor. The proposal generated a storm of commentary, for and against, only to be revealed as a hoax of sorts, a publicity stunt …
Michael Giberson Via the Associated Press and San Diego Union-Tribune: PHOENIX – Saying they won’t hurt Arizona utility customers to benefit Californians, [Arizona] state regulators on Wednesday rejected a utility’s plan to build a $581 million cross-desert power transmission line to carry electricity generated at plants in Arizona to customers in California. In an essay, …
Michael Giberson The Consumerist seeks to answer the recurring question, “Why Is Gas So Freakin’ Expensive?” We could quibble with bits and pieces of the story they offer, but overall it is a solid introduction to the economics of gasoline prices. Easy enough for an interested high-schooler, or perhaps a conversation starter for your freshman …
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