Iowa Markets (cont.)

Posted on Thursday 4 November 2004

It’s hard not to have fun with this quote from last week’s Economist story on presidential futures markets.

Relying on such markets makes sense in many ways. An opinion poll gauges sentiment on the day it is taken; the betting exchanges are trying to predict a future event, so are often less prone to over-react to the news on a given day.

Unless that day’s Election Day.


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