U2IPERG -- the University of Illinois Political Economy Research Group -- is an association of University of Illinois faculty aimed at fostering international political economy research and related scholarly activities on a university-wide basis. Its goal is to bring together faculty from different disciplines and to facilitate exchange of ideas and information regarding political economy research and funding opportunities. This blog is an avenue of our electronic public engagement activities.

Thursday, November 09, 2006

Iowa Electronic Markets

The Tippie School of Business at the University of Iowa hosts a trading site called Iowa Electronic Markets (IEM). It is used for pedagogy to simulate what real markets do, and those not in academia can sign up for accounts and actually trade with real dollars.

The prices are collected all day, up until 11:59pm. Thus, one sees the outcome of the Congressional races on November 7th, it is no wonder that IEM predicted correctly the outcome. Here's the graph (click on it to enlarge):

Republican Senate and House seats gain

Green Republican House hold and Democratic Senate seats gain

Black Democratic House gain and Republican Senate seats hold

Blue Democratic Senate and House seats gain

Still, it is interesting, in looking at political economy in the US.

Tags: Congressional Races 2006, US political economy, Iowa Electronic Markets, political market predictions, u2iperg


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