Monday Jan 23, 2012
Those clever profs at the University of Iowa have created their own Futures Market.
Yep the Tipple College of Business will let you invest up to $500 to wager on real outcomes for real events.
Here the current thinking on the various political races is on display. Wagers on Romney have dropped to about 72 cents on the collar while wagers on Gingrich are running about 20 cents. Each bet would pay $1 if successful.
We will be examining the IEM in our discussion of derivatives this semeter.
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