Betting markets in everything

by on November 7, 2008 at 7:27 am in Data Source | Permalink

Right now the odds are running 4-1.

I thank Chris F. Masse for the pointer.

Speaking of markets and empirical verification, here is $300 million for the University of Chicago Business School.

And here is how markets clear in Nigeria.

1 no November 7, 2008 at 7:51 am

Note that Brown gave stock, not cash, to GSB. So it’s value is…different than $300 million.

2 Anonymous November 7, 2008 at 8:20 am

“Speaking of markets and empirical verification,” here’s the NYT’s login / registration screen. Just another reason to not read it.

3 Mike Huben November 7, 2008 at 8:45 am

Wouldn’t this be better titled “Market Irrationality In Everything”?

4 Cliff November 7, 2008 at 10:23 am

For the love of god, why would someone leave a gift like that to a school? Is he just that vain?

5 Diversity November 7, 2008 at 11:55 am

Pascal’s bet on the existance of God:
” … although God’s existence cannot be proven through reason, it makes sense to have religious faith since a person has everything to gain – an “infinitely happy life” – and nothing to lose by doing so.”
is surely not open to economists. A free “infintely happy life” (the infinite refers to time as well as quality)is an even less acceptable postulate than a free lunch.

6 Andrew November 8, 2008 at 3:40 am

Wouldn’t gambling for Jesus present a bit of cognitive dissonance for large swaths of people.

A Muslim friend explained to me the hoops they jump through just to “borrow” money, so I don’t see them borrowing against the farm to bet on Allah to beat the spread.

7 bluce May 13, 2009 at 1:18 am

Everything is decided by the market instead of any single human being’s personal feeling.
But opportunity and efforts are same important on the way to yr goal.
Like the aion gold performance in the market.

8 rebacca May 13, 2009 at 1:19 am

Is it realistic?

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