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
Leading experts in Diabetes, Metabolism and Biomedical Engineering discuss Precision Medicine
13.07.2018 | Helmholtz Zentrum München - Deutsches Forschungszentrum für Gesundheit und Umwelt
Conference on Laser Polishing – LaP: Fine Tuning for Surfaces
12.07.2018 | Fraunhofer-Institut für Lasertechnik ILT
For the first time ever, scientists have determined the cosmic origin of highest-energy neutrinos. A research group led by IceCube scientist Elisa Resconi, spokesperson of the Collaborative Research Center SFB1258 at the Technical University of Munich (TUM), provides an important piece of evidence that the particles detected by the IceCube neutrino telescope at the South Pole originate from a galaxy four billion light-years away from Earth.
To rule out other origins with certainty, the team led by neutrino physicist Elisa Resconi from the Technical University of Munich and multi-wavelength...
For the first time a team of researchers have discovered two different phases of magnetic skyrmions in a single material. Physicists of the Technical Universities of Munich and Dresden and the University of Cologne can now better study and understand the properties of these magnetic structures, which are important for both basic research and applications.
Whirlpools are an everyday experience in a bath tub: When the water is drained a circular vortex is formed. Typically, such whirls are rather stable. Similar...
Physicists working with Roland Wester at the University of Innsbruck have investigated if and how chemical reactions can be influenced by targeted vibrational excitation of the reactants. They were able to demonstrate that excitation with a laser beam does not affect the efficiency of a chemical exchange reaction and that the excited molecular group acts only as a spectator in the reaction.
A frequently used reaction in organic chemistry is nucleophilic substitution. It plays, for example, an important role in in the synthesis of new chemical...
Optical spectroscopy allows investigating the energy structure and dynamic properties of complex quantum systems. Researchers from the University of Würzburg present two new approaches of coherent two-dimensional spectroscopy.
"Put an excitation into the system and observe how it evolves." According to physicist Professor Tobias Brixner, this is the credo of optical spectroscopy....
Ultra-short, high-intensity X-ray flashes open the door to the foundations of chemical reactions. Free-electron lasers generate these kinds of pulses, but there is a catch: the pulses vary in duration and energy. An international research team has now presented a solution: Using a ring of 16 detectors and a circularly polarized laser beam, they can determine both factors with attosecond accuracy.
Free-electron lasers (FELs) generate extremely short and intense X-ray flashes. Researchers can use these flashes to resolve structures with diameters on the...
13.07.2018 | Event News
12.07.2018 | Event News
03.07.2018 | Event News
19.07.2018 | Earth Sciences
19.07.2018 | Power and Electrical Engineering
19.07.2018 | Materials Sciences