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Hey, Wait a Minute

Was the terrorism prediction market really that bad an idea ?
As for the much-bruited idea that PAM would have allowed terrorists to bet on themselves, thereby letting them profit from their own misdeeds, this was a pure red herring. A terrorist betting on his own impending action would, in effect, be informing on himself. This seems unlikely at best. But, if it did happen, it would be a good thing, since intelligence agencies generally welcome informants. Would we prefer it if the would-be terrorist kept the knowledge of his future actions secret?

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rpkrajewski
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