First, of course, are the political implications. Second, these are millions upon millions of people who were voting against their pocketbooks. The third shock is more personal: my apparent over-reliance on the prediction markets, and on economists like Justin Wolfers…

With a British referendum looming over whether to leave the European Union, many in favor of staying cite cultural and altruistic reasons. But according to some, including Prime Minister David Cameron, Brexit would also have severe economic consequences, including massive…

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