Why the economic model predicting Olympic medal counts drastically underestimated the U.S. haul.
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At the outset of the Olympics, I checked in with Colorado College economist Daniel Johnson, the Canadian-born curling enthusiast who has developed a model that generates pretty accurate predictions about countries’ medal performance. The model, you’ll recall, is simple. The economist studies only five variables: population, income per capita, climate, political structure, and host-nation advantage. [...]
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