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Whether Prediction Markets Beat Polls Is The Wrong Question

Whether Prediction Markets Beat Polls Is The Wrong Question

Prediction markets can be useful forecasting tools, but they won’t replace political polls. Although political polls failed to fully capture Donald Trump’s chances of winning the 2016 presidential elections, they are still startlingly accurate. G. Elliot Morris points out early in his book Strength in Numbers that “these days, national polls miss the winning party’s […]
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