Victory of the mind over matter!!!!!!
The PopSci PPX prediction exchange has finally created a jatropha biofuel prediction market, as the Freakonomics blog was suggesting them to do.
[…] some Goldman Sachs data on the estimated cost per barrel of fuel made from a variety of sources:
Cellulose: $305
Wheat: $125
Rapeseed: $125
Soybean: $122
Sugar Beets: $100
Corn: $83
Sugar Cane: $45
Jatropha: $43
Now, the second part of the equation is to promote this new prediction market, so it gets traded and a running-time probabilistic prediction is generated. (The interaction between a blog audience and a prediction market is part of my concept of X group. I’-m bullish on that.)
Next: Freakonomics + PopSci PPX = Not yet an X group + THE FREAKONOMICS BLOG AND THE JATROPHA PREDICTION MARKET AT POPSCI PPX NOW FORM AN X GROUP.
Previous blog posts by Chris F. Masse:
- The CFTC is going to close the comments in 9 days. We have 9 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges (e.g., InTrade USA or BetFair USA), and counter the puritan and sterile petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
- Forrest Nelson valids Emile Servan-Schreiber.
- Averaging One’s Guesses
- Americans love rankings, but Americans hate to be assessed subjectively.
- A libertarian view on the Internet betting and gambling industry in the United States of America
- The CFTC is going to close the comments in 10 days. We have 10 days left to convince the CFTC to accept FOR-PROFIT prediction exchanges (e.g., InTrade USA or BetFair USA), and counter the puritan and sterile petition organized by the American Enterprise Institute (which has on its payroll Paul Wolfowitz, the bright masterminder of the Iraq war).
- The Numbers Guy