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Category Archives: Economy

prediction markets get 2016 GOP race wrong

The Idiocy Of Prediction Markets Illustrated With 2016 Republican Contest

The repeated failure of ElectionBettingOdds.com to provide a consistent predictive view of the Republican presidential race shows that there really isn’t any invisible hand guiding markets in a reliable way. Crowds of people don’t have particularly reliable, or even constant, predictive insight.

Psst... what kind of person doesn't support pacifism?

Fight the Republican beast!