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September 24, 2008

A Manipulated Prediction Market?

I am a fan of prediction markets -- unless, of course, they are being manipulated so as not to reflect the true aggregated beliefs of traders. So, this column at fivethirtyeight.com (an excellent source of statistical information about the election) about suspicious trading at intrade.com in the presidential market is worrisome. (Thanks to Michael Vogel for pointing this out.)
TSU

September 24, 2008 | Permalink

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