Democratic Party
Don't write off the Democrats in 2016

To the editor: There's an inherent flaw in basing one's prediction of a future election outcome on a few historical coincidences. And that is history doesn't necessarily repeat itself. ("In 2016's presidential race, the winner will be ...," op-ed, May 26) I have found the collective wisdom of the crowd of those who are willing to wager their hard-earned money to be far more predictive of election results than hypothetical analysis, mathematical models, or even the polls. In Great Britain, where betting on U.S. elections is legal, the markets have been remarkably helpful in predicting who will be our next president, and they do not comport with Yale economist...