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Iowa electronic markets

Author

Listed:
  • Paul Gomme

Abstract

In 1998, University of Iowa faculty members created their own futures markets. These experimental markets, designed to provide insights into the behavior of traders and naturally occurring markets, are still going strong. Their clever design gives them another practical use: They can be used to predict future events such as election outcomes and Federal Open Market Committee voting.

Suggested Citation

  • Paul Gomme, 2003. "Iowa electronic markets," Economic Commentary, Federal Reserve Bank of Cleveland, issue Apr.
    • Handle: RePEc:fip:fedcec:y:2003:i:apr15
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    File URL: https://www.clevelandfed.org/-/media/project/clevelandfedtenant/clevelandfedsite/publications/economic-commentary/2003/ec-20030415-the-iowa-electronics-market-pdf.pdf
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    Citations

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    Cited by:

    1. Boyle, Glenn & Videbeck, Steen, 2005. "A Primer on Information Markets," Working Paper Series 3853, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    2. Boyle, Glenn & Videbeck, Steen, 2005. "A Primer on Information Markets," Working Paper Series 18948, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    3. repec:vuw:vuwscr:18948 is not listed on IDEAS
    4. Robert Reig & Ramona Schoder, 2010. "Forecasting Accuracy: Comparing Prediction Markets And Surveys – An Experimental Study," Journal of Prediction Markets, University of Buckingham Press, vol. 4(3), pages 1-19.

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