Just how well can prediction markets predict outcomes? As it turns out, pretty well.

This Week in Science has an interviewed with Justin Wolfers on the economics of prediction markets:

- MP3 file from TWIS. (Interview starts after 30 minutes. SOUND QUALITY BETTER THAN THE OTHER FILE.)

- MP3 file mirror on JW site. (Interview starts right away.)

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Previous:

- Beating Wall Street Economists – Bloomberg TV – AVI file – 30 Mega “Bs” – [Economic Derivatives versus surveys of economists] – 2007-03-08

- Justin Wolfers – InTrade – US Politics – Bloomberg TV – YouTube – [InTrade US political prediction markets] – 2007-02-27

- Justin Wolfers Interview – by NYT – (MP3) – 2007-02-14

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Justin Wolfers Festival:

- Tyler Cowen on Justin Wolfers’ NBA paper.

- ESPN on Justin Wolfers’ NBA paper.

- CNN on Justin Wolfers’ NBA paper. – AVI file

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