How they shut up the free press at Copenhagen
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To say the least.
[…-] Unfortunately, by the eve of the New Hampshire primary, Wolfers was back in the Journal, writing this time that the newspaper’s own prediction market, WSJ Political Marketplace, run by Intrade, was showing that New Hampshire might be the “death knell” for Clinton and a couple other candidates. After a bet like that, in Vegas they’d say, “-craps.”-
Humm…- I don’-t like this CJR piece, but it shows that many in the non-business press are skeptical of prediction markets.
Read the previous blog posts by Chris F. Masse:
Justin Wolfers:
“In a few years, we may regard the second half of the 20th century as the aberration in which the press used polls rather than markets to track political races,” Justin Wolfers, a business professor at the University of Pennsylvania’s Wharton School, wrote in an e-mail message. “And in the 21st century, we may return to the habits of the early 20th century, reporting on political races through the lens of prediction markets rather than polls.”
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Previously: Prediction markets are forecasting tools of convenience that feed on advanced indicators.
Read the previous blog posts by Chris F. Masse: