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Created December 7, 2011 18:06
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A hypothetical model:
1. In 88% of all national general elections, the outcome is known before the
election to a high degree of certainty. In all these cases, the leading candidate
gets more donations than his opponent.
2. In 12% of all national general elections, the outcome is not well known before
the election. In 50% of these cases, the candidate who eventually wins will have
raised more money than his opponent. (i.e.: there is no correlation between money
raised and victory)
Result: in 94% of all national general elections, the candidate who raised more
money won, yet money raised is not a cause of victory in an election.
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