WHY THE ECONOMIST SHOULD ADD MARKET-GENERATED PROBABILITIES NEXT TO ITS CONTENT.

Chris F. Masse April 20th, 2007

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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.

2 Responses to “WHY THE ECONOMIST SHOULD ADD MARKET-GENERATED PROBABILITIES NEXT TO ITS CONTENT.”

  1. Keith Jacks GambleNo Gravataron 20 Apr 2007 at 10:15 am

    Amen

  2. Chris. F. MasseNo Gravataron 20 Apr 2007 at 10:56 am

    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/

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