Over at Marginal Revolution, there’s some interesting research going on. Tyler Cowen shows that Google’s internal prediction markets did a pretty good job of predicting the occurrence of events which were of strategic importance to the firm, while Alex Tabarrok discusses his research showing that contingent fees for lawyers are a good way of screening out frivolous lawsuits. (Of course, if only we could find a way to run prediction markets for lawsuits, we mightn’t need contingency fees.)
The betting market that everyone’s following today, of course, is tomorrow’s battle of the birds. Centrebet has the two teams basically level-pegging ($1.93 for Eagles, $1.87 for Swans).