Jarrett House NorthNow with 80% less politics!

I don’t know if Erik’s seen this, but I found this report on Talking Points Memo interesting. Apparently Intrade’s internal investigation confirms that someone is artificially inflating the value of McCain (that is, the probability that he’ll win in November) by dumping huge amounts of money into the market in an irrational fashion. The CQ [...]

My friend and undergrad classmate Erik Simpson has been following an interesting trend on Intrade, the prediction market that allows predictive “bets” on realworld events. Specifically, Intrade’s prediction results were diverging from other predictive models, specifically those of fivethirtyeight.com. More research dug up the interesting fact that Intrade doesn’t agree with other predictive markets either. [...]