today's ditty: Beethoven Symphony No 7 Op 92 VPO Hans Schmidt Isserstedt (1969)
Something quite cool that I just ran across: an on-line trading exchange website called Intrade.
What it is, according to Wikipedia: http://en.wikipedia.org/wiki/Intrade.
What I see it as:
- a way to bet money on upcoming events
- a source of unclouded, unpoliticized information for the probability of upcoming events
Basically what a member of Intrade does is buy "shares" on whether or not an event will occur. If the event does occur he will be paid $10 for each share he owns. If the event does not occur then his shares will return $0.
Right now, you can buy shares on the bet that Romney win the presidency for $3.89 each. If you think Obama will win it you can buy shares on that for $6.13 each. The charts below show the trends in the prices. These charts indicate the the race has settled out to about 60/40 in favor of Obama. Its really interesting, prior to the first debate it looked like it was virtually a sure win for Obama..
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