Terrorism Betting Markets: Inquiring Minds Want To Know (Bryan Caplan) - Financial Rounds: "Bryan Caplan from EconLog reports on a very clever study by Robin Hanson from George Mason University, titled The Informed Press Favored the Policy Analysis Market. She analyzes media coverage of the Policy Analysis Market (the "terror futures" market), and finds that whether the article is generally positive or negative is significantly related to how informed the reporter is."

You know what? Economists can be extremely clever and helpful. Hanson provides us with another specific example of that generalization. (Brought to you by the Emirates Economist via EconLog via Financial Rounds.)

By the way: "She" is a "he." Go here to check out his informal persona (with pic). Evidently, there are now enough women in the profession that our Bayesian probability Prob(female ] name = Robin) is greater than 0.5. Presumably the assessment that the idea of the paper is brilliant has no effect on the probabilty "female."