gambling

Risk Tolerance and Your Social Situation

by Michael on May 10, 2013

It’s well recognized that your asset allocation should be largely determined by your willingness, ability, and need to take risks. While your need and ability to take risks are primarily financial, your willingness to do so is largely psychological. Though you may need to take some risks to meet your […]

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Shortly after finishing my earlier article about how Intrade works, I discovered an interesting discontinuity in election odds across sites. In particular, online gambling site Betfair has Obama as a considerably stronger favorite. Given this divergence of opinion, people should be able to guarantee themselves a profit by betting on […]

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How Does Intrade Work?

by Michael on Nov 5, 2012

After seeing Intrade mentioned time and time again in connection with the upcoming election, I finally gave in and decided to check it out. If nothing else, I figured it might be fun to have something more than the future of our country riding on the outcome of the election. […]

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