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 »
Michael Giberson A number of prominent European energy economists, analysts and policy makers (and a couple of outsiders) are blogging at the “EU Energy Policy Blog.” Among the Europeans are Andris Piebalgs, Richard Green and Yves Smeers; two American contributers are Paul Joskow and Steven Stoft. On July 1, William Nuttall posted “Why is Nuclear …
Michael Giberson Financial Time‘s columnist Tim Harford discusses allegations that there are efforts to manipulate prices of Hillary Clinton-related shares on prediction markets. Hartford writes: Justin Wolfers and Eric Zitzewitz have pointed out that Hillary Clinton’s chances of becoming president, as predicted by one betting market, InTrade, started to climb dramatically mid-May, topping 40 per …
Tim Harford on Manipulation of Prediction Markets Read More »
On Wednesday afternoon around 3:45 the power went out in areas of Manhattan and the Bronx in New York City. Although the outage lasted less then one hour, it was sufficient to cause traffic congestion and inconvenience to almost 400,000 customers on a hot, humid summer afternoon. This experience illustrates the challenges facing the electric …
Lynne Kiesling I enjoyed our visit, although I don’t think I could have afforded to stay much longer! Even a Swedish gentleman sitting with us at the conference gala dinner said that Swedes think Iceland is expensive, and that’s saying something! This is my favorite picture of downtown Reykjavik (taken from the top of the …
Lynne Kiesling Want to listen to your favorite Internet radio today, like Soma FM or WOXY? You can’t; they are silent. This is what we can expect permanently if the proposed Internet royalty rates, which discriminate against non-broadcast, online-only stations, take effect in mid-July. Soma FM and WOXY are participating in Save Internet Radio’s Day …
Michael Giberson If my post of last week didn’t sate your interest in economic commentary on secondary ticket markets, here is a much longer piece put out by the Arizona State University business school: “Scalping goes upscale: The secondary ticket market’s online revolution.” A sample: Software upgrades have taken much of the back-alley risk out …
Still More on Secondary Ticket Markets: “Scalping Goes Upscale” Read More »
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