Saturday, January 27, 2007

007 Finance - NYT on Intrade

An article about off-beat investments in the NYT mentions Intrades political contracts:

For that matter, why not go to Intrade, an online betting site, where you can hedge the 2008 presidential election? If you’re a Democrat, try betting Republican, so that if the vote doesn’t go your way, you can take solace in the cash you make on election night.
This is very similar to an idea on The Economist blog:

Go to Tradesports (or the officemate you like to argue politics with) and lay a wager against your party. If they lose, your sorrow will be mitigated by the burst of dopamine which accompanies a sudden realisation that you are now several hundred quid to the better.

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1 Comments:

Angela said...

emotional hedge! win-win.

9:14 PM  

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