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):
Red 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
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):
Red 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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posted by benny06 @ 7:53 AM
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