Exact(2)
In turn, mortgage equity withdrawal, which has been financing much consumer spending, would then dry up, creating a drag on growth equivalent to more than 3% of GDP.British homeowners may comfort themselves that, contrary to The Economist's predictions, prices have not fallen.
In the simulated-buyer markets we observe behavior generally consistent with comparative static predictions: prices rise post-merger, and unit (but not fixed) cost synergies may exert some price-moderating effect.
Similar(58)
Fulfilling the city officials' prediction, prices on the spot market soared this summer.
In this task, population structure, that is systematic ancestry differences between plants with different phenotypes, may have a confounding effect on the prediction (Price et al., 2010).
In other words, Friedman believes that economic theories should be appraised in terms of their predictions concerning prices and quantities exchanged on markets.
However, initial predictions that prices could exceed $4 per gallon were scaled back because spare capacity in other west coast refineries could fill much, if not all, of the gap.
However it's important to remember that we saw negative predictions around prices and jobs when the national minimum wage was first introduced, but employers managed to make it work".
There are also predictions property prices could rise because of high-speed rail.
The relationship between prediction market prices and event probabilities is therefore an empirical question, requiring many events in order to compare market predictions with alternatives.
The unexpected is always possible, and perhaps our readers can tease it out before it registers in prediction market prices.
In many cases, poll results and professional forecasts offer no information about event outcomes beyond what is already reflected in prediction market prices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com