Friday, January 16, 2004

The Candidates as Investments: How much confidence do you have in your candidate? Think of your candidate as a $1.00 future contract premised on winning the nomination. What would you pay for that? That's what the University of Iowa's electronic market is doing. Note that, despite the footsteps of Kerry and Clark, Dean is still trading well above either one, though down from his towering highs of recent.

Neat test of the predictive power of the market.

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