:: ::

:: MAX BLACK ::

"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience." --C.S. Lewis

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:: Thursday, September 09, 2004 ::

Predictive Markets

MIT's Innovation Futures is a predictive market that focuses on business and technology. Using play money, traders buy and sell futures contracts and winners are eligible for real prizes (big screen TVs, digital cameras, home theater system, etc.). I'm a big fan of predictive markets--they're enormously compelling and actually have do have predictive capabilities (the IEM?). Even if you don't trade, watch the Innovation Futures market to see how well the traders do as compared to the actual outcomes of the challenges proposed. Here's one of todays's examples; 09-09-04 Dow will fall between and including -.51% and -.1%. Check it out [>]

:: Max 1:27 PM [+] ::
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