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With markets often outperforming more traditional forecasting approaches, bookmakers could be useful to policy makers in predicting global trends and events.

Partridge, Matthew (2011) With markets often outperforming more traditional forecasting approaches, bookmakers could be useful to policy makers in predicting global trends and events. British Politics and Policy at LSE (23 Aug 2011) Blog Entry.

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Abstract

The recent ‘Arab Spring’ and the subsequent realignment of much of the political sphere of the Middle East took many traditional commentators by surprise. Matthew Partridge argues that, in light of this, the ‘prediction markets’ of political bookmakers may be able to provide a significant contribution to intelligence gathering by adding greater accuracy and objectivity to forecasting.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/politicsandpolicy/
Additional Information: © 2011 The Author
Library of Congress subject classification: J Political Science > JA Political science (General)
J Political Science > JC Political theory
Sets: Collections > British Politics and Policy at LSE
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 15 Sep 2011 16:21
URL: http://eprints.lse.ac.uk/38099/

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