In Article, Foresight, Practical Articles

Foresight: The International Journal of Applied Forecasting, Issue 21, Spring 2011, Pages 41 – 44

Alfred Cuzán offers his postmortem on forecasts made for the midterm elections for the U.S. House of Representatives. His evaluation compares the judgment of three experts, six statistical models, and one (betting) prediction market. It seems like the best political forecasts emerge when forecasters place their bets. However, this issue of Foresight contains a related article on corporate prediction markets (p. 35), where the challenges of implementation are arguably greater than those in election markets.