Michael Giberson Felix Salmon writes that “It’s Time for Political Event Swaps.” Why? Well, he says, “companies with political-event risk get to hedge it, while hedge funds and other investors get to invest in an asset which is completely uncorrelated with anything else.” If you’ve been keeping up with your financial econ studies, you know …
Outsourcing the Corn Lobby to the Hedge Fund Industry Read More »
Michael Giberson Are you exposed to financial risks due to hurricanes? Want to hedge some of that risk? Forbes.com has a few pointers.
Michael Giberson Today I did something new. Something I’ve never tried before. I walked into the local Barnes and Noble bookstore and bought a diet book. I’ve never really though of myself as overweight. For most of my life I haven’t been overweight. For the last few years, however, I have thought of myself as …
A Blogger’s Reason for Trying the Shangri-la Diet Read More »
Michael Giberson On prediction market group blog Midas Oracle (and also posted at the NewsFuture blog), Emile Servan-Schreiber offers an assessment of “prediction markets vs. the pundits” after the French presidential campaign debate between Ségolène Royal and Nicolas Sarkozy: After the debate, the pundits were all agreed that Royal had scored some points, and even …
Prediction Markets Vs. the Pundits in the French Election Read More »
Michael Giberson The tech trade press seems abuzz with speculation over Google’s interest in the FCC’s spectrum auction rules. Google phone? Google wireless? Google the spectrum monopolist? Google turning your cell phone into a mobile AdWords delivery device? All of this wild-eyed speculation seems a bit over the top to me, perhaps because the essential …
Michael Giberson Google filed a proposal on Monday with the Federal Communications Commission calling on the agency to let companies allocate radio spectrum using the same kind of real-time auction that the search engine company now uses to sell advertisements. The NYTimes article is a little short on the technical details of the proposal (I …
Michael Giberson I assure you it was just a coincidence. I had no insider tips or other advance knowledge of what was about to happen. Last Wednesday morning I posted a few remarks about “Senators as Stock Pickers” solely because I found the idea that Senators were able to outperform the market as amusing. I …
Michael Giberson At EconTalk, Russ Roberts talks with experimental economics pioneer Vernon Smith. It is a friendly interview, Roberts doesn’t hit Smith with tough questions or challenge his explanations, but it is a good introduction to Smith’s views on the field and its development.
Michael Giberson The folks that do technology site CNET have launched an online business magazine at www.BNET.com. Among the items of interest (at least to me) now on BNET: A discussion with the CEO of Erickson Retirement Communities which covers, among other things, practical applications of prediction market Inkling. A podcast that includes New Yorker …
Michael Giberson Now normally I wouldn’t be the kind of guy that looks to politicians for economic advice (e.g. posting on price gouging), but on his blog Alan Jewell points out an article from the December 2004 Journal of Financial and Quantitative Analysis showing that as a group senators have done abnormally well at picking …
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