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The Valley Current®️: What Are Prediction Markets Telling Us?
Manage episode 429696711 series 3562100
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Does Biden still have a viable shot at winning another term in the White House? As the race for the presidency gets heated so are the prediction markets, and gamblers at predictit.org currently have their monies on Trump. Although prediction markets cannot be guaranteed to be completely random, they do reveal instant reactions to debates, speeches, and any economic factor that people would consider before going to the polls. Today Professor Sam Savage teaches host Jack Russo how Bayesian statistics expresses probability and affect the political predictions markets.
https://www.probabilitymanagement.org/
Jack Russo
Managing Partner
https://www.linkedin.com/in/jackrusso
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