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. In an experiment conducted at MIT, for example,
traders traded aspects of
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 dec
> 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? :-)
According to Stigler (the statistician, not the economist) almost
every "named" scientific term is in error. So I'd say the odds
are huge that your name will be inco
