Prediction Markets Strong At Forecasting US Presidential Elections, Says New Management Insights
Monday, August 18, 2008 - 08:21
in Mathematics & Economics
A case study of the 2004 US Presidential election by researchers at Yale shows that prediction markets are proving to be a strong forecasting tool, one that may have an impact in calling the current presidential contest between Democrat Senator Barack Obama and Republican Senator John McCain, according to the Management Insights feature in the current issue of Management Science.