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September 24, 2007

Comments

Peter Risdon

inefficient != irrational

You've demonstrated a lack of perfect efficiency (which isn't uncommon). Now show something else that might be better. In the absence of this, the market could be said to be the best available mechanism - the least inefficient.

john b

He's already cited something that would've been better - using the government's baby name statistics.

http://www.statistics.gov.uk/cci/nugget.asp?id=184

Robin Hanson

You think the price is wrong? Get paid to fix it - bet against the names you think overrated.

john b

Similarly, spread-betting against the Tories is a sure-fire money-winner, for reasons that may or may not be obvious.

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