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 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 …
Michael Giberson At the suggestion of prediction market scholars Justin Wolfers and Eric Zitzewitz, InTrade is running a market on the XM-Sirius satellite radio merger. The apparent verdict? Market says, “maybe next year.” For the moment, the “The XM and Sirius satellite merger to close before the end of Dec 2007” contract most recently traded …
Prediction Markets on Xm-sirius Merger: Maybe Next Year Read More »
Michael Giberson How far would you go to gain another $1 a gallon on fuel? As The Independent reports, some biofuel traders in Europe, in a little trick called “splash and dash”, are shipping biodiesel to the U.S. to be mixed with a little gas to qualify for a $1/gallon subsidy, then shipping it back …
Michael Giberson Via the Associated Press and MSN Money: [Michigan’s] Democratic House Speaker Andy Dillon has floated the idea of taxing utilities, possibly in exchange for eliminating the law that opened electricity markets to competition. So, Dillon is offering consumers the opportunity to be taxed more in return for having the possibility of retail competition …
Michael Giberson FERC Chairman Joseph Kelliher reached out to state policy makers in an effort to pass the blame for any failures of competitive retail power markets. As reported by Platts Electric Power Daily, in remarks to the American Bar Association Kelliher said some states have incorrectly blamed what they call lack of competition in …
FERC Chairman: State Lawmakers to Blame for Retail Competition Failures Read More »
Michael Giberson In response to a reader’s question, Tyler Cowen declines to offer support for any of the current candidates for president in ’08. Cowen offers these comments instead: As biological creatures we are programmed to respond to faces, voices, names, and identities. We praise them, follow them, condemn them, figure out what side they …
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