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|Subject: Re: Intrade Prez odds...||Date: 10/4/2012 4:08 PM|
|Author: AOLFoolman100||Number: 647035 of 753775|
In comparison, the Obama campaign reportedly had $130 million cash on hand at the end of August, while the Romney campaign had $191 million. http://elections.nytimes.com/2012/campaign-finance
Conclusion 1: it would be trivially easy and cheap for either campaign to manipulate these markets.
Conclusion 2: in context, they don't mean much.
I agree. I've been struggling to find out whether Intrade is "predictive" and whether it can be manipulated. However, I've read (and been told by posters here) that Intrade is very accurate. Granted, if it's manipulated, then that goes out the window.
However, what is noteworthy and real is that the odds did decrease, indicating a drop in confidence in Obama's chances after the debate. I couldn't imagine that manipulation was withdrawn or greatly attentuated the day after the 1st debate.
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