2012-01-14

Taiwan re-elects President

The media polls and financial markets were right on this one, while the prediction market was off—most likely because it doesn't use real money. Supporters of Tsai Ing-wen may probably signed up and pushed her contract price up.
Taiwan says yes to Ma re-election and his "three no's". His victory was by a much smaller margin than in 2008 though.

Update: The prediction market post-election report is out. Here's the Google Translated version:
Future events published by the Exchange will be closed before the election, presidential election prediction market. According to the last day before the election on 13 January at 24:00 of the closing price, Tsai Ing-wen of the vote is forecast to be 48.8%, 45.4% Ma Ying-jeou and James Soong of 6.8%, 3.4 percentage points Tsai leader Ma Ying-jeou; based on the last day before the election January 13 day weighted average price, Tsai Ing-wen of the vote is forecast to be 47.9%, 46.1% Ma Ying-jeou and James Soong of 6.7%, 1.8 percentage points Tsai leader Ma Ying-jeou. In addition, exchanges of future events of the three candidates were elected to the probability forecast: Tsai Ing-wen 60.0%, 44.5% of Ma Ying-jeou and James Soong of 0.1%.

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