If you could invent something to fulfill an economist’s dream, it would look an awful lot like a prediction market. A world where every uncertain future can be priced, hedged and insured against? Kenneth Arrow and Gérard Debreu would approve. A market mechanism to co-ordinate the decentralised wisdom of crowds, ensuring the accuracy of such prices? Adam Smith and Friedrich Hayek sought just that.
Experiment to train rats to play Doom reaches a new level; rats can now shoot enemies — wraparound AMOLED screen...
Democratic states are insisting on taxing tips to defy Donald Trump. That’s right—a popular piece of legislation that is seemingly...
Welcome gentle readers to another installment of the Sunday Morning Movie. Today’s it’s a surrealist, absurdist comedy(?) called Sweet Movie....
Conor here: The types of communities featured in the following piece certainly seem to have the potential for better quality...
COMMENT: Your peace proposal has become a must-read here. It is said that you set the ball in motion that...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
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