Eliezer, there are thick existing markets revealing short term interest rates. I would indeed be interested to create markets that more explicitly revealed very long term interest rates. But it would be hard to ensure that participants in such markets thought about any particular topic; they would think about whatever they thought was most relevant to estimating such prices.
Eliezer, there are thick existing markets revealing short term interest rates. I would indeed be interested to create markets that more explicitly revealed very long term interest rates. But it would be hard to ensure that participants in such markets thought about any particular topic; they would think about whatever they thought was most relevant to estimating such prices.