Posted inPolitics

In Defense of the Electoral College

Over the past few weeks, I have had the enjoyable opportunity to lecture on the subject of the US Electoral College to a variety of different audiences in Poland and Italy. My lectures almost inevitably include some snarky side-comments about how incredible it is that the US continues to use this extremely convoluted system of […]

Posted inPolitics

Convergence between Polls and Prediction Markets in US Presidential Election

I’m intrigued by the recent convergence between Nate Silver’s 2012 US Presidential Election forecast (which incorporates most of the publicly available polling data) and the futures contracts being sold on an Obama victory at Intrade. Here’s Nate’s most up to the minute forecast (Obama in blue): And here’s the current cost of a contract that […]

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