Re: Orlowski: Your hate piece on Robin Hanson

From: Adrian Tymes (wingcat@pacbell.net)
Date: Thu Aug 07 2003 - 14:33:53 MDT

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    --- Robin Hanson <rhanson@gmu.edu> wrote:
    > Information markets *are* effectively illegal in
    > much
    > of the private sphere in the US, including Nevada.

    Offshore 'em, if necessary. But I seem to recall
    seeing political info markets within the US - for
    example, bets on the CA governors' race. (The only
    example I can immediately find, though, seems to be
    hosted out of Ireland.)

    > The idea of info markets is that someone wants to
    > know
    > something so they create/subsidize a market whose
    > prices
    > will tell them what they want to know. On the topic
    > of
    > military/political instability in the Mideast, the
    > US
    > government is one of the biggest potential
    > customers,
    > since they should get great value from knowing.
    > Thus
    > losing them as a customer is a big setback to
    > selling
    > that info product.

    Arguable. If the market exists, the US gov't would
    likely become a customer whether or not it hosts the
    market. Though I'll grant that it'd be a bigger
    participant in a market it itself hosted.



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