Slate is running a political futures market, which is an aggregator of four different presidential prediction markets. Political stock markets allow individuals to buy a future which typically pays off $100 for the predicted outcome, i.e. you can pay $20 to bet Obama will win the nomination, and it pays off $100 if he does. By comparing current prices, one can get a sense of the wisdom of crowds on which candidates are favoured.
This has been similarly applied in Canada at the UBC Election Stock Market to great success. They outperformed every pollster in 2006 save SES. A betting person would suggest they will in the future.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment