Prediction Markets + Market Predictions = Collective Forecasting That Pays Off

Tag Archives: German government

Austan Goolsbee on Iraq and the Collective Wisdom of Bond Markets

Austan Goolsbee, writing in the New York Times, discusses Michael Greenstone’s paper (discussed here at Midas Oracle in September) that examines the market for Iraq’s bonds for an assessment of the long-term future of the Iraq government. Goolsbee’s quick conclusion: “But global financial markets have been monitoring the war for months, and with remarkable [...]

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