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Sherlock Holmes on prediction markets
"When you see a man with whiskers of that cut and the 'Pink 'un' protruding out of his pocket, you can always draw him by a bet," said he. "I daresay that if I had put £100 down in front of him, that man would not have given me such complete information as was drawn from him by the idea that he was doing me on a wager.
That is from Adventure of the Blue Carbuncle and of course the link is added by yours truly. The latest news from the prediction markets, by the way, is that the U.S. basketball team is given about a 75 percent chance of taking home the gold medal.
Posted by Tyler Cowen on July 28, 2008 at 06:58 AM in Economics | Permalink
Comments
Posted by: shawn at Jul 28, 2008 8:54:38 AM
Was this post inspired by the fact that The Blue Carbuncle with Jeremy Brett (TV's best Sherlock) was shown recently on PBS?
Posted by: tom brandt at Jul 28, 2008 2:22:10 PM
"Complete," not "compete."
Posted by: Anderson at Jul 28, 2008 6:58:44 PM
Take the field and run. Once again the U.S. goes into tournament play with nno outside shooters who will see significant playing tim. Once again they are delegating playing time based on senioirty and marketability. (Jason Kidd manning the freaking point?!?!? Are you freaking kidding me...no pun intended.)
The U.S. shouldn't be field shouldn't be getting any better odds than 1:1.
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