Prediction markets for movie box office: Manipulation! Insider Trading! Efficiency! and Twitter!

Michael Giberson Tyler Cowen links to a story in the New York Times detailing the opposition of the Motion Picture Association of America to two proposed markets for forecasting movie ticket sales. ¬†Of the objections noted in the article, Cowen thinks the key issue for Hollywood is the possibility of a poor market showing making… More Prediction markets for movie box office: Manipulation! Insider Trading! Efficiency! and Twitter!