Economics for the Intelligent Amateur

We at Dumbagent have always been fans of the Iowa Electronics Market, even using their Influenza Prediction Market as an example of The Dumb Agent Theory at work. We were therefore quite disappointed when we searched this site for information (after a post by Midas Oracle) for information about H1N1 and found no markets [...]

One of the first (organized) examples of the Dumb Agent Theory at work was the Policy Analysis Market (PAM), a market proposed by DARPA and shot down by the United States Congress, which called it the “Terrorist Market”.
In a nutshell, this would have a been a market in which people could trade futures [...]

While we still mourn the loss of Predictify, we are happy to announce a new form of Prediction Market: PreTweeting.com.
Most of our readers will be familiar with, if not users of, Twitter. Many of our readers will also be itching to find new Prediction Markets to invest with (well, that might just be [...]

We at Dumb Agent have been long time fans of Predictify, not only as a source of fun bets, but as a plausible indicator of future trends.
It is therefore with a heavy heart that we announce the closing of Predictify.com. According to them:
Due to the tough economic climate, we are planning to cease operations [...]

We at Dumb Agent have been long time fans of Predictify, not only as a source of fun bets, but as a plausible indicator of future trends, much like the Iowa Electronics Market started to be years ago, and other trading platforms such as Betfair and Intrade have become. We liked Predictify particularly, however, [...]