Friday, September 12, 2008

Prediction markets

Not getting enough of politics on TV, in the news and everywhere else? Well you can play the prediction market as

You can bet on either McCain or Obama winning the election. Or you can take a hedge position to offset your post election misery. Your choice.

Finance and Econ researchers have written on these markets. Here are a couple of links. 1. 2.

HT: Freakonomics.