Tuesday, February 28, 2012
Putting some credibility behind predictions of Libya's future
In the spirit of William's sea ice bets, I'd like to see if the people who call intervention in Libya a mistake, based on what will happen in the future, are themselves willing to put some money behind those predictions. It's the same idea of betting elsewhere, I think it concentrates the mind and reduces some level of over-expressed certainty.
So, Freedom House gave Libya the worst possible ratings in 2010 on a scale of 1 to 7, with a 7 for political rights and 7 for civil rights. I predict at the end of 2013 there will be at least three grades of improvement, e.g. political rights could improve to at least 5 and civil to at least 6, but it could be in other combinations. My guess is that it'll be more like four or five (and one has already happened), but I think three grades clearly represent a benefit to the country.
I'm looking at small scale bets, $50-$100, where the actual bet is ego-based and the money is just to make it a little more real. You can judge my lack of confidence in making huge bets (and my lack of huge assets) accordingly. Bets open to people who seem real to me, and especially open to people who posted their various predictions of doom on the web.