The Nobel Prize in Economics will be awarded on Monday, October 10. Stop by in the Economics Department office to participate in our pool (at $5 an entry, you can't afford not to play!).
Somewhere out there there must be a futures market on the Nobel Prize winner, but I haven't been able to find it. Here's a website that had a market last year. In this market, a futures contract on Joe Blow pays $100 if Blow wins the prize. The last price quotes from last year were:
Edward C. Prescott $63.35
Edmond Malinvaud $13.89
Edmund S. Phelps $29.92
Eugene F. Fama $29.59
Gordon Tullock $14.74
Hans-Werner Sinn $3.93
Maurice Obstfeld $9.19
N. Gregory Mankiw $3.83
Oliver E. Williamson $30.22
Paul Krugman $32.66
Robert J. Barro $46.28
Victoria Chick $10.21
The market correctly forecast one of the winners -- Ed Prescott -- but the other, Finn Kydland, was not on the list.
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