Op-Ed Column Cites UI Markets

Columnist Sebastian Mallaby writes that despite periodic bouts of wantonly irrational investor behavior, most people now accept that financial markets -- indeed, all markets in which people trade views about the future -- are the least bad way of processing information. He said politicians have a special reason to respect the wisdom of markets. Amateur traders on the UNIVERSITY OF IOWA'S political futures market predict elections more accurately than professional pollsters.

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