Author Archives: F. E. Guerra-Pujol

About F. E. Guerra-Pujol

When I’m not blogging, I am a business law professor at the University of Central Florida.

Hayek, knowledge, and truth markets (part 2 of 3)

“The problem is … how to dispense with the need of conscious control and how to provide inducements which will make the individuals do the desirable things without anyone having to tell them what to do.”   “…this problem [the … Continue reading

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Hayek, knowledge, and truth markets (part 1 of 3)

Hello, fellow nerds! I posed the following key question in my previous blog post: How likely is it that the price of any given belief contract on my truth market will eventually converge on the truth value of the conspiracy … Continue reading

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Liquid truth markets

I recently proposed the creation of a “truth market” to allow people to buy and sell “belief contracts“; i.e. to place bets on conspiracy theories and fake news. One practical problem a new market must overcome, however, is “transaction costs” … Continue reading

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Thanksgiving Day Pop Quiz

Happy Thanksgiving! Instead of rehashing the same old things we are thankful for, let’s change it up by asking, What are you LEAST thankful for these days? I will go first: Ticketmaster, the TSA, mask mandates, and red light cameras.

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A modest proposal (JFK truth market edition)

Fifty-nine years ago (22 November 1963), President John F. Kennedy was assassinated in Dallas, Texas. Ten months later (September 1964), the Warren Commission concluded that President Kennedy was shot by Lee Harvey Oswald and that the assassin had acted entirely … Continue reading

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Memo to FIFA and Qatar: legalize freedom

According to this report in The Guardian (U.K.), the morality police in Qatar are confiscating rainbow-coloured hats worn by fans attending FIFA World Cup matches.

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Airport Nanny State

Pictured above are just a small sample of the many PSA messages I was bombarded with at the Fort Lauderdale International Airport while I was waiting to board my return flight home. Not pictured are the incessant and even more … Continue reading

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Some thoughts on the SEA conference

(SEA stands for the Southern Economics Association.) This was the most insane conference I have ever attended. To the point, the conference program was printed in a tiny 10-point font (see, for example, page 137 of the program pictured below) … Continue reading

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Monday Latin music: Todo de ti

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Shout out to Henry Thompson

I will be leading a panel on “New Perspectives on Adam Smith” at the annual meeting of the Southern Economic Association later today. Thus far, my favorite talk has been Henry Thompson’s on “The Organization of Extortion”, which explores the … Continue reading

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