Michael Giberson Tyler Cowen links to a story in the New York Times detailing the opposition of the Motion Picture Association of America to two proposed markets for forecasting movie ticket sales. Of the objections noted in the article, Cowen thinks the key issue for Hollywood is the possibility of a poor market showing making it difficult for a film to get into and stay in theaters. The article also mentions possible market manipulation and insider trading issues as problems. Robin Hanson addressed the manipulation arguments a few days ago, "
Prediction Markets for Movie Box Office…
Michael Giberson Tyler Cowen links to a story in the New York Times detailing the opposition of the Motion Picture Association of America to two proposed markets for forecasting movie ticket sales. Of the objections noted in the article, Cowen thinks the key issue for Hollywood is the possibility of a poor market showing making it difficult for a film to get into and stay in theaters. The article also mentions possible market manipulation and insider trading issues as problems. Robin Hanson addressed the manipulation arguments a few days ago, "