Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

IEM Opens Congressional Control Prediction Market for 2010 Elections

07.12.2009
The Iowa Electronic Markets has opened a Congressional control prediction market, giving traders the opportunity to predict the party alignment of Congress after next year's mid-term elections.

Three markets are open on the Congressional control market. In two of them, traders can buy and sell contracts that will predict whether the Democrats will gain seats in each of the Senate and House of Representatives, maintain its current number of seats, or lose seats to the Republicans.

In the third market, traders can buy and sell contracts based on overall control of Congress. Four contracts are available for trade on the market: Republicans control both the House of Representatives and the Senate; Democrats control both the House and Senate; Republicans control the House and Democrats control the Senate; Republicans control the Senate and Democrats control the House.

Payoffs will be determined based on which party controls the most seats in each chamber at the start of the 111th Congress in January 2011.

The Iowa Electronic Markets is a real-money political futures prediction market operated by the University of Iowa's Tippie College of Business. All contracts are priced between zero cents and 1 dollar, so the current price of any contract is the probability of that event occurring.

Begun in 1988, the IEM is a research and teaching tool that has achieved an impressive prediction record, substantially superior to alternative mechanisms such as opinion polls. Such markets have been significantly more accurate than traditional tools in predicting outcomes ranging from political election results to movie box office receipts.

Price quotes, account opening instructions and prospectuses are available online at the IEM's Web site at http://www.biz.uiowa.edu/iem/. Traders are strongly advised to read the prospectus before opening an account.

Current prices/probabilities can be viewed online at http://iemweb.biz.uiowa.edu/quotes/Congress10_quotes.html

Joyce Berg | Newswise Science News
Further information:
http://www.uiowa.edu

More articles from Event News:

nachricht ICTM Conference 2017: Production technology for turbomachine manufacturing of the future
16.11.2016 | Fraunhofer-Institut für Produktionstechnologie IPT

nachricht Innovation Day Laser Technology – Laser Additive Manufacturing
01.11.2016 | Laser Zentrum Hannover e.V.

All articles from Event News >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Electron highway inside crystal

Physicists of the University of Würzburg have made an astonishing discovery in a specific type of topological insulators. The effect is due to the structure of the materials used. The researchers have now published their work in the journal Science.

Topological insulators are currently the hot topic in physics according to the newspaper Neue Zürcher Zeitung. Only a few weeks ago, their importance was...

Im Focus: Significantly more productivity in USP lasers

In recent years, lasers with ultrashort pulses (USP) down to the femtosecond range have become established on an industrial scale. They could advance some applications with the much-lauded “cold ablation” – if that meant they would then achieve more throughput. A new generation of process engineering that will address this issue in particular will be discussed at the “4th UKP Workshop – Ultrafast Laser Technology” in April 2017.

Even back in the 1990s, scientists were comparing materials processing with nanosecond, picosecond and femtosesecond pulses. The result was surprising:...

Im Focus: Shape matters when light meets atom

Mapping the interaction of a single atom with a single photon may inform design of quantum devices

Have you ever wondered how you see the world? Vision is about photons of light, which are packets of energy, interacting with the atoms or molecules in what...

Im Focus: Novel silicon etching technique crafts 3-D gradient refractive index micro-optics

A multi-institutional research collaboration has created a novel approach for fabricating three-dimensional micro-optics through the shape-defined formation of porous silicon (PSi), with broad impacts in integrated optoelectronics, imaging, and photovoltaics.

Working with colleagues at Stanford and The Dow Chemical Company, researchers at the University of Illinois at Urbana-Champaign fabricated 3-D birefringent...

Im Focus: Quantum Particles Form Droplets

In experiments with magnetic atoms conducted at extremely low temperatures, scientists have demonstrated a unique phase of matter: The atoms form a new type of quantum liquid or quantum droplet state. These so called quantum droplets may preserve their form in absence of external confinement because of quantum effects. The joint team of experimental physicists from Innsbruck and theoretical physicists from Hannover report on their findings in the journal Physical Review X.

“Our Quantum droplets are in the gas phase but they still drop like a rock,” explains experimental physicist Francesca Ferlaino when talking about the...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

ICTM Conference 2017: Production technology for turbomachine manufacturing of the future

16.11.2016 | Event News

Innovation Day Laser Technology – Laser Additive Manufacturing

01.11.2016 | Event News

#IC2S2: When Social Science meets Computer Science - GESIS will host the IC2S2 conference 2017

14.10.2016 | Event News

 
Latest News

Researchers identify potentially druggable mutant p53 proteins that promote cancer growth

09.12.2016 | Life Sciences

Scientists produce a new roadmap for guiding development & conservation in the Amazon

09.12.2016 | Ecology, The Environment and Conservation

Satellites, airport visibility readings shed light on troops' exposure to air pollution

09.12.2016 | Health and Medicine

VideoLinks
B2B-VideoLinks
More VideoLinks >>>