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Give 'em a bronze

Craig Newmark evaluates Andrew B. Bernard and Meghan R. Busse's forecast of medals won by each country in the Athens Olympics.

Craig finds that his fellow economists did pretty well, although not much better than an extrapolation of each country's performance from Sydney. The economists' model is richer than a naive forecast however, and more useful should economic conditions change. I say give Bernard and Busse a bronze for their work, and Newmark too. Unlike us nerdy types however, soccer icon and 2004 Gold Medalist Mia Hamm doesn't find this sort of thing very interesting.