notices - See details
Notices
DJ
David J Merkel (not verified)
2nd March 2017 | 3:35am

I have to disagree with your view on "no" votes at least in this example. Economists know that the preferences of people not transacting in a market cannot be measured. There has to be an action, so really, only "yes" votes count -- we measure the change in "yes" votes of buyers and sellers. There may be others available at prices that the market has not yet seen, but those can't be measured.