The Right Coast

July 07, 2004
Iowa political market response to Edwards selection
By Tom Smith

The Iowa electronic market seems to think Edwards was a good choice. The winner take all market has moved to a 50/50 Bush/Kerry split after weeks of Bush having a consistent lead of several points. The market works to produce a probability estimate of the candidate's winning. So the market's artificial intelligence "thinks" that Bush and Kerry now have an equal chance of winning. Boo hoo.