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Lessons from the Rise of Netflix and the Fall of Blockbuster

Creative destruction can do a lot of good for the economy—if we let it. Dr. John Dalton and Andrew Logan (‘21) talk about the rise of Netflix and the fall of Blockbuster in an article they wrote for the Foundation for Economic Education. It discusses […]


How to Predict the Presidency

Are betting markets more accurate than polls? Economics professor Koleman Strumpf participated in a discussion on presidential election betting in this episode of Freakonomics. “For regular people, the amount of information you can get out of these markets is vast. It’s the […]


U.S. election betting: Regulated presidential markets are live

Two U.S.-regulated, dollar-denominated prediction markets began taking bets on the presidential race this week with a month to go before Election Day. “It will be hard for the two sites to catch up, but that is not entirely impossible,” economics professor Koleman Strumpf told 


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 […]


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