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Markets in everything
Posted by Tyler Cowen on August 5, 2006 at 01:25 AM in Current Affairs | Permalink
Comments
What are the odds (pun intended) that someone might place a big bet and then assassinate him? Is there a potential moral hazard problem here?
Posted by: EclectEcon at Aug 5, 2006 8:18:42 PM
Most sites have upper limites on betting. USBets, profiled in the article, notes that its own limit is 500$.
Posted by: Van at Aug 6, 2006 12:01:23 AM
A moral problem with assassinating Castro? Wait... a problem? Like, as in, "something is not right here" problem? Hmm...
Posted by: Currence at Aug 6, 2006 7:44:37 AM
My Cuban friends and I, are planning a big party for the time we know for sure the old monster is smoking a big one in hell.
Posted by: kyle8 at Aug 6, 2006 11:27:03 AM
To add another point to EclectEcon's remark: What about asymmetric information?
Who says he isn't dead already? Peggy Noonan is in doubt about this:
http://www.opinionjournal.com/columnists/pnoonan/?id=110008741
Posted by: US at Aug 6, 2006 1:29:47 PM
There's been a much more liquid in Castro's death for a long time now: it's called Batista bonds, the defaulted debt of pre-revolutionary Cuba. Every time that Castro looks like he's going to kick the bucket, the price of that debt rises, sometimes as high as 40 cents on the dollar.
Posted by: Felix Salmon at Aug 7, 2006 11:26:49 AM
What if the leader was Dick Cheney or Ariel Sharon? Why don't we see markets on their deaths? Are markets in some
individuals' deaths politically correct while others are not? Who decides?
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Posted by: levan at Sep 12, 2006 3:09:50 AM
