Terrorism Futures

No GravatarJustin Wolfers:

It is the accuracy of market-generated forecasts that led the Department of Defense to propose running prediction markets on geopolitical events. While political rhetoric about &#8220-terrorism futures&#8221- led the plug to be pulled on that particular experiment&#8230-

Justin Wolfers&#8217- dual statement is quite true. Andrew Gelman&#8217-s subsequent remarks do not fly in my book.