WHY THE ECONOMIST SHOULD ADD MARKET-GENERATED PROBABILITIES NEXT TO ITS CONTENT.
Chris F. Masse April 20th, 2007
The Economist on the next French presidential election:
No French presidential election in 50 years has looked as unpredictable as this year’s, the first round of which takes place on April 22nd. [...]
Reality check from the “free markets”, so revered by The Economist:
Nicolas Sarkozy as the next French President: 66% at BetFair
Nicolas Sarkozy as the next French President: 65% at InTrade-TradeSports
TAKEAWAY: The “opinion” or “sentiment” of the journalos is complete bullshit. Give us the market-generated probabilities.
External Link: Turning The Economist into an economy = The Red Stripe Project investigating the prediction markets.
UPDATE: MIDAS ORACLE PROCLAIMS REPUBLICAN NICOLAS SARKOZY AS THE FRENCH PRESIDENT-ELECT.
Amen
We need to break free from the current, co-opted commentariat: bring in the prediction markets!
MIDAS ORACLE PROCLAIMS REPUBLICAN NICOLAS SARKOZY AS THE FRENCH PRESIDENT-ELECT.
http://www.midasoracle.org/200.....ent-elect/