Op-Ed Column Cites UI Markets
March 5, 2007 | Washington PostColumnist 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.
Contact: Forrest Nelson