The richer people and countries become, the happier they get.

Wow, that&#8217-s what I call a discovery.

Freakonomics – #2 – #3

New York Times

CNBC video

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Previous blog posts by Chris F. Masse:

• Just like the armchair generals (presented on television as “military analysts”) carry the Pentagon’s propaganda, are our economics professors (who need the exchange data to pursue their academic career) in fact John Delaney’s unofficial P.R. agents, hidden behind an appearance of objectivity, and whose agenda is to generate favorable news coverage for InTrade? Is the symbiotic relationship between the prediction exchanges and the economics researchers dangerous for the truth?
• Can we still trust Betfair? Should we trust Betfair? Or indeed, any betting exchange?
• Prediction Markets at Google — by Peter A. Coles, Karim R. Lakhani, Andrew McAfee
• Is that HubDub’s Nigel Eccles on the bottom left of that UK WebMission pic?
• Collective Error = Average Individual Error – Prediction Diversity
• When gambling meets Wall Street — Proposal for a brand-new kind of finance-based lottery
• The definitive proof that it’s presently impossible to practice prediction market journalism with BetFair.