America Must Free Itself from the Tyranny of the Penny
Economics Professor, Dr. Robert Whaples was quoted in the New York Times!
Traders on Polymarket are betting on Harris’s odds of beating Trump, challenging the dominance of conventional polls
In election race, prediction markets are challenging traditional polling By Seamus Webster | FortuneBefore scientific polling was well established in the late 1930s and early 1940s, economics professor Koleman Strumpf told Fortune that betting markets were where newspapers got their election […]
Wake Forest researchers find lack of competition contributes to news bias
A new study from Wake Forest University suggests a lack of competition among news outlets contributes to media bias. Full article.
Disentangling media bias
Economists explain how editorial choices and consumer demand shape news coverage Professor Tommy Leung sat down with WFU News to answer questions about his research with Economics Professor Koleman Strumpf and what they are discovering. Full Article
Betting markets are useful when politics is chaotic
In the early 20th century, for brief periods, the most frenetic American trading pits were not the raucous markets in which stocks were traded, nor the venues where bonds were exchanged. The real action was in the market for betting on the next president. “Crowds formed […]
3 ways AI can smooth our inevitable move to a four-day workweek
The amount of time people spend “at work” has changed significantly over the last few centuries. Economics professor Robert Whaples has mapped out the history of hours of work in the U.S., which reveals a gradual decline from working “first light to dark” (70+ hours […]
Political betting markets move toward Kamala Harris
Political betting markets have a long history in U.S. politics, according to economics professor Koleman Strumpf who has studied them for decades. With the adoption of the internet, betting platforms have become more popular and are something that should be paid attention to because, unlike […]
Waste management company recovers over $10M In thrown-away coins
Economics professor Robert Whaples explains why coins are discarded nowadays. “If you lost a $100 bill you’d look for it. If you lost a $20 bill you’d look for it. If you lost a book, you’d look for it,” he added, “But a penny, you’re […]
Commuting to opportunity? How transport infrastructure shapes students’ college decisions in Peru
Infrastructure Incoming WFU Economics Assistant Professor, Fabiola Alba Vivar’s, publication on infrastructure in Peru and corresponding decisions for students.
How can Costco sell gas so much cheaper than other stations?
Economics professor Todd McFall explains how Costco can afford to charge less than other gas stations. “All Costco purchases, from gasoline to granola bars to grapes, fall under what’s known as a two-part tariff. Part One is the membership. Part Two is where the customer […]