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 […]
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
Economics Professor, Dr. Robert Whaples was quoted in the New York Times!
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 […]
A new study from Wake Forest University suggests a lack of competition among news outlets contributes to media bias. Full article.
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
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 […]
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 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 […]
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 […]