{"id":302,"date":"2008-02-04T11:55:05","date_gmt":"2008-02-04T10:55:05","guid":{"rendered":"http:\/\/www.decisionsciencenews.com\/?p=302"},"modified":"2008-02-04T11:55:05","modified_gmt":"2008-02-04T10:55:05","slug":"prediction-markets-for-the-2008-us-election","status":"publish","type":"post","link":"https:\/\/www.decisionsciencenews.com\/?p=302","title":{"rendered":"Prediction markets for the 2008 US election"},"content":{"rendered":"<p> POLITIMETRICS<\/p>\n<p><a href=\"http:\/\/www.politimetrics.com\"><\/a><\/p>\n<p style=\"text-align: center\"><a href=\"http:\/\/www.politimetrics.com\"><img decoding=\"async\" src=\"http:\/\/www.decisionsciencenews.com\/wp-content\/uploads\/2008\/01\/polmet.jpg\" alt=\"politimetrics\" \/><\/a><\/p>\n<p><a href=\"http:\/\/http:\/\/www.wmin.ac.uk\/wbs\/page-919\" title=\"Lionel Page\" target=\"_blank\">Lionel Page<\/a> (University of Westminster), in conjunction with Paul Antoine Chevalier (Paris School of Economics),  <a href=\"http:\/\/www.dangoldstein.com\" title=\"Dan Goldstein\" target=\"_blank\">Dan Goldstein<\/a> (London Business School &amp; Decision Science News),  <a href=\"http:\/\/www.ntu.ac.uk\/nbs\/spec\/betting_research_unit\/\" target=\"_blank\">Leighton Vaughan Williams<\/a> (Nottingham Trent University), and <a href=\"http:\/\/www.wmin.ac.uk\/wbs\/page-214\" target=\"_blank\">Peter Urwin<\/a> (University of Westminster) are pleased to bring you <a href=\"http:\/\/Politimetrics.com\">Politimetrics.com<\/a> a Web site that uses prediction markets to forecast election outcomes and more.<\/p>\n<blockquote><p> <em> What candidate would have the highest probability to win the presidential election if nominated?<br \/>\n<\/em><\/p>\n<p><em>What candidate has the program which is more likely to foster growth, reduce unemployment and crime?<\/em><\/p>\n<p>All these crucial questions for the voters in this 2008 US election cannot be answered using traditional polls. Using prediction markets in a innovative way, the website <a href=\"http:\/\/Politimetrics.com\">Politimetrics.com<\/a> proposes answers to these questions.<\/p>\n<p><a href=\"http:\/\/Politimetrics.com\">Politimetrics.com<\/a> presents the estimation of the the conditional probability of success of each candidate if nominated\/elected. The numbers are estimated in real time, directly from the prices on specific <a href=\"http:\/\/www.intrade.com\">Intrade<\/a> contracts.<\/p>\n<p>At this stage of the primary campaign, politimetrics proposes the best answer available the question: &#8220;who are the candidates the most likely to win the presidential election if nominated?&#8221; Later on in the campaign, we plan to present an even more interesting answer: &#8220;which candidate would be the most successful president on a list of issues?&#8221; To do so, we have proposed to Intrade a series of specific contracts (listed under the section &#8220;Impact of Next President&#8221; on their website). Eventually, we hope to be able to answer to questions like:<\/p>\n<p><em>Is Hilary Clinton more likely to be more effective in managing the economy than John McCain?<\/em><\/p>\n<p><em>Is Mitt Romney more likely to decrease crime than Barack Obama?<\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>POLITIMETRICS Lionel Page (University of Westminster), in conjunction with Paul Antoine Chevalier (Paris School of Economics), Dan Goldstein (London Business School &amp; Decision Science News), Leighton Vaughan Williams (Nottingham Trent University), and Peter Urwin (University of Westminster) are pleased to bring you Politimetrics.com a Web site that uses prediction markets to forecast election outcomes and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[2,10],"tags":[],"class_list":["post-302","post","type-post","status-publish","format-standard","hentry","category-research-news","category-sjdm"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4LKj-4S","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts\/302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=302"}],"version-history":[{"count":0,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=\/wp\/v2\/posts\/302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decisionsciencenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}