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RadioActive—A Game of Chicken: The World of Prediction Markets

RadioActive—A Game of Chicken: The World of Prediction Markets

Playing tracks by

Michael Matthiesen.

Florida during Hurricane season relies on prediction markets. The safety of floridains and their livelyhood depend on it. If a prediction is wrong, it could mean dire consequences. In 1992, forecasters didn't predict that Hurricane Andrew would hit South Florida. But have you ever thought about how prediction markets work? Private sector vs. Government predictions, and the economics behind it? UM Business School's Dr. David Kelly will be on Sunday to explain.

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