A Bit Off-Topic: The Wisdom of Crowds and the New Pope

A very good Op-ed explaining the budding gambling markets trying to handicap the selection of the next Pope. It does a nice job of explaining why such markets end up being good predictors of events, with some really fascinating history bits, such as the Papal Bull of 1591 that tried to stop the rampant gambling on Pope selection.

Hat tip: Off-Wing Opinion