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Why prediction markets and Wall Street pros so often fail to see what’s coming

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Why prediction markets and Wall Street pros so often fail to see what’s coming

The probabilities make it almost certain that macro forecasts will be wrong far more often than right.

Why prediction markets and Wall Street pros so often fail to see what’s coming

Source：MarketWatch

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Source：https://www.marketwatch.com/story/why-prediction-markets-and-wall-street-pros-so-often-fail-to-see-whats-coming-c516b6e3