Thoughts on the Theory and Practice of Speculative Markets Qua Event Predictors

Essays in Philosophy, Vol. 6, No. 1, 2005

22 Pages Posted: 3 Sep 2010

See all articles by Mason L. Richey

Mason L. Richey

Hankuk University of Foreign Studies

Date Written: January 1, 2005

Abstract

This paper analyzes the proposed use of combinatorial derivatives markets for event prediction, especially for catastrophic events such as terrorism, war, or political assassination. Following a presentation of the philosophical principles underlying these politico-economic tools, I examine case studies (U.S. DoD proposals) that evaluate their advantages and disadvantages in terms of both efficacy and moral considerations. I conclude that these markets are both fatally flawed due to internal conceptual contradictions and morally problematic.

Keywords: Derivatives, Speculative Markets, Event Prediction, DARPA, Hegel, Bataille

Suggested Citation

Richey, Mason L., Thoughts on the Theory and Practice of Speculative Markets Qua Event Predictors (January 1, 2005). Essays in Philosophy, Vol. 6, No. 1, 2005, Available at SSRN: https://ssrn.com/abstract=1670777

Mason L. Richey (Contact Author)

Hankuk University of Foreign Studies ( email )

270 Imun-dong Dongdaemun-gu
Seoul, 130-791
Korea, Republic of (South Korea)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
37
Abstract Views
359
PlumX Metrics