IEM

[Edy Keeler]

http://www.biz.uiowa.edu/iem/markets/

Hi to those who were talking about IEM (others may be interested) a kind of
information futures market where people buy contracts on the candidate they
think will win. i.e. put your $$$ where your mouth is. Around since 1988,
the IEM has usually outperformed opinion polls as a predictor.   Poindexter
tried a similar thing at DOD and got slammed.
This is a student project that is open to the public and has 5000 traders
now. Focus is anywhere there is a specific outcome like a presidential
election. (where it has outperformed polls 75% of the time in last 4 Pres
elections)
(The article in United's May "Hemispheres" was not on the magazine's site.)

Edy

[Bruce Sawhill]

There's a bunch of complexity types at the Univ. of Iowa, led by Leigh
Tesfatsion.  I wonder if these markets are related?
http://www.econ.iastate.edu/tesfatsi/
Cheers,

Bruce

On Tuesday, May 25, 2004, at 10:44 AM, Edy Keeler wrote:

> http://www.biz.uiowa.edu/iem/markets/
>
> Hi to those who were talking about IEM (others may be interested) a
> kind of
> information futures market where people buy contracts on the candidate
> they
> think will win. i.e. put your $$$ where your mouth is. Around since
> 1988,
> the IEM has usually outperformed opinion polls as a predictor.  
> Poindexter
> tried a similar thing at DOD and got slammed.
> This is a student project that is open to the public and has 5000
> traders
> now. Focus is anywhere there is a specific outcome like a presidential
> election. (where it has outperformed polls 75% of the time in last 4
> Pres
> elections)
> (The article in United's May "Hemispheres" was not on the magazine's
> site.)
>
> Edy
>
>
>
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