Soldato
- Joined
- 3 Jun 2005
- Posts
- 7,613
Isn't it a school night, Zethor?
It states, quite clearly, that before the days of polls bookies provided accurate predictions of results, but since polls were introduced market prices follow the polls... ie one drives the other.The full abstract:
First, we find that market prices are far better predictors in the period without polls than when polls were available. Second, we find that market prices of the pre-poll era predicted elections almost on par with polls following the introduction of scientific polling. Finally, when we have both market prices and polls, prices add nothing to election prediction beyond polls. To be sure, early election markets were (surprisingly) good at
extracting campaign information without scientific polling to guide them. For more recent markets, candidate prices largely follow the polls.
If bookies are not good prediction tools how were they getting it right before polls? Magic? How do you interpret the last sentence?
I'm sure the guy is perfectly happy with his undergraduate degree thesis.Send him an email, maybe he will correct the whole thing?![]()
The only major study looking at historical data you posted is the one that states bookies follow poll predictions.So we agree that bookies are a good prediction tool, although it's not clear if they better than polls.
There's plenty of empirical date in the other links. The only debate is whether bookies make better predictions than polls.
From one of the comments on that article just to re-inforce the point that current betting markets do no more than reflect the reported polls - because ultimately punters have nothing more to go on than that information.I concluded, like the article above, that this was unsurprising given that both predictions were largely driven by the same opinion poll data.
It's called social circles. One of the reasons anecdotal evidence is so unreliable. You associate and speak with people in similar circles and generally with similar viewpoints. many people on the remain side will have a similar feeling about leave voters, being surrounded by people that will be voting remain.
It's not some secret plot to hide the truth, it's just a normal effect of who you socialize with. It's a bit worrying though how many people are already starting to call "conspiracy" in this thread though!
The difference is that the hard left has become mainstream, even fashionable, whereas their equivalent on the right would be considered extreme.Most right-wingers are typically thicko racists.
Am I doing this right?
I don't think all right-wingers are thicko racists before anyone takes my comment out of context.
Yes erosion of national sovereignty is well worth not having to fill out a form every time the plane lands.
The difference is that the hard left has become mainstream, even fashionable, whereas their equivalent on the right would be considered extreme.
Close friends and family who are voting Out:
Frontline police officer
Career NHS nurse
Tax lawyer
Self-employed graphic designer
Self-employed kitchen fitter
Career NHS midwife
Self-employed consultant
Retail regional manager
Network engineer
Self-employed builder
Motorcycle mechanic
Primary school teacher
Secondary school languages teacher
5 retired people
The people above have said that they also find it rare to know someone personally who will vote Remain.
The only close friend on the fence is a guy on benefits due to long-term illness. And he's one of those people who will just vote Labour because his parents did, and their parents did etc.
Neither side is innocent in the scare tactics and it's frankly embarrassing that this is how our country decides to do politics. It's the sort of stuff that we'd ridicule if other nations did it.
All I have seen is projected fear from the in campaign, you are not doing yourself any favours at all.
Higher food costs.
Lower house prices.
Increased cancer as in no cancer treatments.
Higher inflation.
Devaluation of the pound.
War in Europe.
More terrorism.
More immigration.
How about the pro EU campaign show me why we need to be in Europe, what are the benefits, how will it effect us in the near and long term future?
Fear, fear, fear... It looks bad and makes the in campaign look like clowns.
A decision to leave the EU is not without risk. But I believe it is the ideal and idealistic choice for our times: taking back power from arrogant, unaccountable, hubristic elites and putting it where it belongs – in people’s hands.
I mean shock horror look at Japan. They do it alone and get on just fine.
We are an island which is of no similarity apart from the fact we are closest to mainland Europe. We have more in common with Australia/America/Japan and they are thousands of miles away.
I mean shock horror look at Japan. They do it alone and get on just fine.
Australia is another one.
All I have seen is projected fear from the in campaign, you are not doing yourself any favours at all.
Higher food costs.
Lower house prices.
Increased cancer as in no cancer treatments.
Higher inflation.
Devaluation of the pound.
War in Europe.
More terrorism.
More immigration.
How about the pro EU campaign show me why we need to be in Europe, what are the benefits, how will it effect us in the near and long term future?
Fear, fear, fear... It looks bad and makes the in campaign look like clowns.