Something’s Odd About the Political Betting Markets

The many analysts, including me, who had argued that Trump could not win the general election were relying on pre-Babel intuitions, which said that scandals such as the Access Hollywood tape (in which Trump boasted about committing sexual assault) are fatal to a presidential campaign. But after Babel, nothing really means anything anymore––at least... See more

Not only does political coverage often lose the signal—it frequently accentuates the noise. If there are a number of polls in a state that show the Republican ahead, it won’t make news when another one says the same thing. But if a new poll comes out showing the Democrat with the lead, it will grab headlines—even though the poll is probably an outl

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