Tuesday, July 29, 2003

Great Idea, sort of

I mean, you can see why someone would think of this. Pentagon drops betting market on terror attacks

"Research indicates that markets are extremely efficient, effective and timely aggregators or dispersed and even hidden information. Futures markets have proven themselves to be good at predicting things such as election results: they are often better than expert opinions."

But, you know, the emotional impact. It's just not going to fly now that it's been labelled the 'terrorism futures market'.