AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Odds of Romney Wining the Election
I made a legal bet against Trump winning the luncheon. I thought we're really good odds. But in fact, the market is smarter than me. There aren't enough people to just be completely rational and make money on these markets. And so the odds here are driven by partisans who are willing to bet between very large amounts of money on candidates that they think are going to win. They've just gotten unlucky a few times.