Tuesday, November 18, 2008

Greg Mankiw's Blog: P(Depression) = 0.15

Greg Mankiw's Blog: P(Depression) = 0.15

Here, according to betting at Intrade, is the probability of a depression in 2009, defined as a cumulative decline in GDP of more than 10.0% over four consecutive quarters.




I am betting for “definition” my bet is “depression 2009” is 0.00%. I can bet whatever I want so there! I think his life is betting place betting everything, life is a game, life is betting, 50/50 chance you have. Least I think that my chance is 50% not bad at all. Think about it 50 is a huge number, don’t think about another 50% forgone but you will have 50 chance. That is how gamblers think. Recession? yes. so I am not betting “ recession” not so good betting