Stated vs revealed preference

Over at OzPolitics, Bryan Palmer updates the betting odds. While the polls are running Labor’s way, the betting markets reckon that if we ran the 2007 election ten times, Howard would win it six times, and Rudd four times.

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1 Response to Stated vs revealed preference

  1. derrida derider says:

    There’s no conflict here. The Rodent has shown his ability to turn things around leading into an election – whether by scare or by spending. And he has lots of money in the kitty for an election budget.

    I really dislike him but if I was putting my own money down I’d certainly back him to beat Rudd. In fact I reckon the quoted odds for Labor are very stingy.

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