Comments on: DEATH MARKET?!

By: Matthew

Matthew — Wed, 31 Dec 1969 18:00:00 +0000

I didn't think it was that strange. Then again, I'm into game theory and all sorts of crazy stuff. I think investing real money is a little untoward, but running a mock futures game program could work, especially with enough player input.

By: joy

joy — Wed, 31 Dec 1969 18:00:00 +0000

Yeah, I had heard about this for the first time on NBC Nightly News tonight too. I don't know about the rest of you, but for some reason, it made me think of BlogShares.

By: melvin toast

melvin toast — Wed, 31 Dec 1969 18:00:00 +0000

I think the idea which liberals who don't understand free market economy are missing is that information
about terrorist attacks would leak into the market place.
If Muhammed want's to make some bucks and he know where Osama is going to hit, he'll invest. The surer he
is the more he's willing to bet. Wanna know where to
look for terrorists? Just look at the ticker.

Kinda clever if you ask me. Only problem is morons
think it's grotesque.

By: Cam

Cam — Wed, 31 Dec 1969 18:00:00 +0000

I don't consider myself a moron, but the chances of being able to thwart a terrorist attack using this system are probably a little smaller than using remote viewing.

Problem number one: there are only going to be 10,000 people registered. And yes, you'll have to register. How many of those 10,000 people that are willing to give their information to the government are going to be card carrying members of al Queda? I'm thinking not too many.

By: Paul

Paul — Wed, 31 Dec 1969 18:00:00 +0000

I might be a moron on this one... I'm not sure yet.

Two things make me think it IS a good idea.

1) The Dems think it is a bad idea and when the Dems are against something involving National Defense it is usually a good idea.

2) You guys really should follow Matthew's link above and then follow the links off that post. Pretty persuasive stuff.

But it is sorta morbid.

Paul

By: Kristopher

Kristopher — Wed, 31 Dec 1969 18:00:00 +0000

Here is the website for this abomination: Policy Analysis Market.

By: melvin toast

melvin toast — Wed, 31 Dec 1969 18:00:00 +0000

It's the old paradox of how to achieve peace.
You can't win a war by dying for your country.
Sometimes you have to do something that
is outwardly cruel but ultimately results in
health and prosperity. Open-heart surgery looks
grotesque to someone who is completely
ignorant of its purpose.

By: Invisible Adjunct

Invisible Adjunct — Wed, 31 Dec 1969 18:00:00 +0000

The plan has been scrapped, after meeting with immediate and widespread disbelief and repugnance from both Democrats and Republicans. Among other things, critics suggested that it would actually provide a financial incentive for more acts of terrorism -- and without safeguarding against the possibility that terrorists themselves might participate and profit from their own atrocities. AP story here.

By: mmunich

mmunich — Wed, 31 Dec 1969 18:00:00 +0000

Why is this wrong, and a poll asking "Do you think there will be a terrorist attack on U.S. soil in the next 12 months" okay?

When the next democratic candidate says that we are "more unsafe" because of Bush, WHY does he think this? Will he put money on it? The futures market will let people do that - and the futures markets that exist today for presidential candidates, etc. at Iowa have proved to be accurate since people do a lot of thinking before putting money behind their opinions.

This won't help prevent the attack, but it shows a basis of people's opinions. Because people put their money where their opinion is, their opinions will not (as likely) be based on their political affiliation. (example: I voted for Dole, but would have bet that Clinton would have won, and would have been right).

Will it prevent an attack? No, but it will give an indication how safe people feel in the U.S., which will actually give better feedback to the Pentagon on where to direct programs (Fact: a poll asking if you are safe will skew immediately to political preference, especially in an election year).

Hyprocracy of the press and the liberals, as usual.

By: Modulator

Modulator — Wed, 31 Dec 1969 18:00:00 +0000

Investing in the Future?
James Joyner, Outside the Beltway, thinks this "may be the strangest story of the year":The Pentagon is setting up a stock-market style system in which investors would bet on terror attacks, assassinations and other events in the Middle East. Defense o...

By: Misanthropyst

Misanthropyst — Wed, 31 Dec 1969 18:00:00 +0000

Booking The Vis-Stat Run
This is a very interesting idea - using on-line aggregate intelligence [betting] to predict [shape] events in the Middle East.

By: The World Around You

The World Around You — Wed, 31 Dec 1969 18:00:00 +0000

Place Your Bets
As James posts, the futures market for terrorism is defintely the story of the year. What in the world is our government thinking? Sounds like a crackpot scheme right out of the head of Don Rumsfeld, where everyone around said,...

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