Efficient Markets and Prediction
(Posted by adam)
In a post below, I quoted my friend Craig commenting on the differences between election sites and the IEM.
Steven Landsburg had previously commented privately that IEM together with TradeSports is inefficient. By playing one against the other you could make money on either likely outcome of the election.
So, if these markets were efficient, that wouldn't be possible.
Bookmark this post: Posted by adam on October 22, 2004 at 5:05 PM
in Amusements
, Economics
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