Patterico's Pontifications

7/29/2003

BETTING ON TERRORISM: “The Pentagon

Filed under: General — Patterico @ 7:06 am

BETTING ON TERRORISM: “The Pentagon is setting up a commodity-style market to use real investors — putting down real money — to help its generals predict terrorist attacks, coups d’etat and other turmoil in the Middle East.”

Brilliant. Soon, rich people will be betting millions that a terrorist act will occur within x days. Luckily, human nature provides no incentive for those making such bets to help them come true. If, however, humans were driven by a lust for money — well, then we’d all be in deep s**t.

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