Do betting markets outperform election polls? Hardly.

Can we trust the polls?

That’s a real question these days. Pollsters have been trying — and not always successfully — to adapt their methodologies to keep up with cultural and technological change. …

Some in the prediction business have wondered if we’re moving toward a “post-polling world.”

Would prediction markets — in which individuals bet on the outcome of particular votes — be any better? CONT.

Thomas Wood (Ohio State), The Monkey Cage

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