Market ironies
Jan. 4th, 2008 05:24 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
libertangoThing I just noticed:
Having been known to have small-l libertarian sympathies, I look in sometimes at the Iowa Electronic Markets, especially their presidential nomination market. Because markets can be accurate, sometimes, and even when they're not, it's a giggle.
Here's the irony:
This is the graph for the Republican nomination. Ron Paul isn't tracked on his own, because he's never been viable enough. To invest in a Paul nomination, you have to put your coin on "RROF_NOM", which is the symbol for the Republican Rest Of Field.
As you can see in the graph, Rest Of Field currently places fifth.
So the free market has spoken: Ron Paul, go home.
Having been known to have small-l libertarian sympathies, I look in sometimes at the Iowa Electronic Markets, especially their presidential nomination market. Because markets can be accurate, sometimes, and even when they're not, it's a giggle.
Here's the irony:
This is the graph for the Republican nomination. Ron Paul isn't tracked on his own, because he's never been viable enough. To invest in a Paul nomination, you have to put your coin on "RROF_NOM", which is the symbol for the Republican Rest Of Field.
As you can see in the graph, Rest Of Field currently places fifth.
So the free market has spoken: Ron Paul, go home.
