Oxymoron wrote:Rational expectations? Based on the betting habits of addicts?
How accurate have the bookies been on Presidential elections?
I guess odds are rationally calculated by professionals. I don't know how accurate they've been on presidential elections specifically, but they must be pretty accurate in general if they want to make a living. However, the problem is that Trump beat the odds in 2016 and that's exactly what he should do again to win this time as well. Which is not impossible to happen, of course, but I'd not consider it likely.