OCEAN SCIENCE: Toxic Assets

A Prediction Market for Toxic Assets Prices∗

We propose the development of a prediction market for forecasting prices for “toxic assets” to be transferred from Irish banks to the National Asset Management Agency (NAMA). Such a market allows market participants to assume a stake in a security whose value is tied to a future event. We propose that securities are created whose value hinges on the transfer amount paid for loans from NAMA to a...

A Prediction Market for Toxic Assets

We propose the development of a prediction market to provide a form of collective intelligence for forecasting prices for “toxic assets” to be transferred from Irish banks to the National Asset Management Agency. Such a market allows participants to assume a stake in a security whose value is tied to a future event. We propose that securities are created whose value hinges on the transfer amoun...

Science of Ocean Climate Models

The rich textures and features of the global ocean circulation and its tracer distributions cannot be fully studied in a controlled laboratory setting using a direct physical analog. Consequently, ocean scientists have increasingly turned to numerical models as a rational experimental tool, along with theoretical methods and a growing array of observational measurements, for rendering a mechani...

Ocean science. Ironing out algal issues in the Southern Ocean.

Furthering the Science of Ocean Climate Modelling

Figure 1. Sea surface height variability (cm) from a) the global 0.1 o tripole, b) the global 0.1 o dipole, and c) the AVISO altimeter data. CLIVAR is an international research programme dealing with climate variability and predictability on timescales from months to centuries. 2 Editorial Ocean models are tools for use in understanding and predicting the ocean. Indeed, models are an essential ...