Freakonomics Radio · 2026-09-18 · 49 min · 9,318 words

687. Are Prediction Markets the Best Forecasting Tool Ever — or Just Another Casino?

Listen to the original audio · Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio

Hey there, it's Stephen Dubner. Before we start today's episode, I want to ask for your help with a future episode about psychotherapy. The episode includes what is called a misery index, and we want to hear some of your stories. I realize this isn't for everyone, but if you are interested, Use your phone to record a voice memo and send it to us at radio at freeconomics.com.

I'd like you to identify your most intense and persistent form of misery and include some specifics. What exactly was the emotion you were feeling? What's the worst it ever got? How did it affect you? And how did you deal with it?

If you only want to include your first name, that's fine. Again, the address is radio at at freeconomics.com. Many thanks, and here now is today's episode. Most of us are not very comfortable with uncertainty.

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