4. Some economists and finance professionals believe that markets provide the most effective way of predicting (or
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4. Some economists and finance professionals believe that markets provide the most effective way of predicting (or at least, assessing) the future. With this in mind, DARPA put in place a futures market called PAM (an acronym for the policy analysis market) with the intent to predict political outcomes. Describe the goals of PAM. What happened to the futures market?
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