Author Archives: F. E. Guerra-Pujol
Reply to Klein and Clark (part 1)
I recently stumbled upon this 2010 paper on “Direct and Overall Liberty” by Daniel B. Klein and Michael J. Clark, the first page of which is pictured below. How did I not discover their excellent paper before? Among other things, … Continue reading
Ronald Coase and Vito Corleone
Originally posted on prior probability:
The Godfather premiered fifty years ago in March of 1972. In honor of the 50th anniversary of the wide domestic release of this classic film, I just posted an essay to SSRN titled “Coase and…
Music Monday: Waka Waka
I am posting two versions of this beautiful song: one by Shakira; the other by Honeyfox.
Disingenuous Interpretation
I have been attending the 13th annual Constitutional Law Colloquium at the Loyola (Chicago) Law School this weekend. Among my favorite talks thus far is “Disingenuous Interpretation” by my new colleague and friend Michael Smith, who teaches law at the … Continue reading
Postcards from Chicago
My wife and I are attending the 13th annual Constitutional Law Colloquium at the Loyola Law School in Chicago; below are some snapshots of our trip:
Truth Markets, Part 2: Belief Contracts
I outlined my proposal for a “truth market” in my previous post. A truth market would trade in belief contracts. Each belief contract would be structured as a simple “belief statement” with two discrete choices: True(T) or False(F). The belief … Continue reading
Truth Markets
Thus far, I have blogged about the twin dangers of false information (fake news, conspiracy theories, etc.) and censorship (secret algorithms, arbitrary “content moderation” policies, DHS surveillance, etc.). But how can we combat false information without resorting to censorship? I … Continue reading
Could gambling save democracy? (part 2)
Originally posted on prior probability:
Is the proliferation of “fake news” and conspiracy theories a threat to democracy? If so, how should we deal with such dangerous ideas and falsehoods? Broadly speaking, there are two general approaches to this problem:…
Today (1 November) is All Saints’ Day or “The Feast of All Hallows” in the Catholic calendar; I will therefore resume my series on gambling and democracy in the next day or two. More details about the history of this … Continue reading
Could gambling destroy democracy?
Yesterday (10/30), the Amazing Tyler Cowen linked to this 10/27 report in the Financial Times (FT): Gambling on democracy: US regulators weigh election futures market — calling it “the best article I’ve seen on prediction market issues in DC.” (He … Continue reading

