Would any serious newsroom invite Justin Wolfers in 2008 to report on political election prediction markets?

THAT MAY BE.

Resident Publications:

[...] Wolfers predicted that cable news shows would turn to prediction-market experts for analysis in 2008. “My forecast is that they’ll either have someone in the studio whose job it is to track the markets, or the James Carvilles of the world will learn how to interpret the markets, and they’ll integrate that into their commentaries,” he said. [...]

I overlooked the “cable news shows” phrase, last time. Sorry for that. I had the three networks in mind (ABC, CBS, NBC). Also, I thought Justin Wolfers was talking about Election Day, specifically. (My initial thought: “no way”. Because of the leaking of raw polls that send false information to the traders.) He was talking about the whole “2008″ year, instead. I read that article too quickly, last time. I messed it.

MY SECOND THOUGHT: Yes, what he says seems reasonable and in line with what’s happening right now in the US business media. The real difficulty is the jump from the business media (which love markets) to the generalist media (which love polls).

About Chris F. Masse

Founder and President of Midas Oracle
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