Sunday, November 05, 2006

Computer Scientist Baffled that Markets Work

Interesting article about a computer scientist who is studing Tradesports.com markets. The computer scientist had this to say about information makets, such as Tradesports.com or the Iowa Electronic markets.

My main research is studying different models of computation, and to me information markets are another model of computation," he said. "We still know so little about why they work well. There are big questions about how much traffic they need to be interesting, and how easy or how hard are they to manipulate.

Come on man. It's called economics.

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