Someone at the Pentagon read Shockwave Rider over the weekend (fwd)

[Jim Choate]

> ---------- Forwarded message ----------
> Date: Tue, 29 Jul 2003 14:49:51 -0400
> From: "Trei, Peter" <ptrei at rsasecurity.com>

> Over on Dave Farber's IP list, it's been pointed out that there
> is a pre-existing, live, real-money market in futures on these
> types of events. Go over to www.tradesports.com, and click on
> 'Current Events' under 'Trading Catagories' on the left. Drill down
> and you'll find things like 'WMDs will be found in Iraq on or before
> Sept 31', the value of which has dropped from 80 to 25 over the
> last few months.

Which only goes to show how inaccurate and generaly confused these sorts
of systems are. Based on what people feel rather than what they know. The
failure of all free markets to conform to what 'economists' consider the
ideal.

This example actually blows your whole suppostion away.


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