Dr. Alexander Tabarrok wrote: > Another armchair economist made the news! Robin (Hanson) was >mentioned in yesterday's (Sunday Feb. 10, 2002) New York Times in an >interesting article about using experimental markets to generate >marketing information. ... >http://www.nytimes.com/2002/02/10/business/yourmoney/10TRAD.html >Creating markets in order to generate public policy information is the >subject of Robin's contribution to Entrepreneurial Economics: Bright >Ideas from the Dismal Science ... www.EntrepreneurialEconomics.org
It's nice to get press, but always disturbing to see how wrong reporters can get things. I'm introduced as giving the name "decision markets" to the Iowa Electronic Markets and to the marketing markets described. But I introduced the term to be specific to markets that estimate the consequences of decisions, rather than just markets that might somehow be informative for decisions. Anyone want to give odds that I'll be able to keep the term meaning what I want it to mean? :-) Robin Hanson [EMAIL PROTECTED] http://hanson.gmu.edu Asst. Prof. Economics, George Mason University MSN 1D3, Carow Hall, Fairfax VA 22030-4444 703-993-2326 FAX: 703-993-2323