Holding Pundits Accountable

Harry Enten: “I’m not a big one for Schadenfreude but I confess to feeling a little frisson on hearing the news that Dick Morris was not getting his contract renewed by Fox News. It’s not that I wish Morris ill tidings; it’s that I want pundits to be held accountable for their incorrect forecasts… Morris’ [2012] performance earned him the title of ‘Worst Pundit of 2012’ by Pundit Tracker. That’s an impressive achievement considering all the competition. In mathematical terms, Morris was wrong 80% in his prognostications: if you had placed a dollar bet on each Morris prediction in a prediction market, you would have lost 70% of your money.”