IEM a Better Bet for Predicting Future in Politics
April 4, 2008 | Business DayOn the IOWA ELECTRONIC MARKETS (IEM), Senator Barack Obama spent Wednesday trading in the 80 range, Senator Hillary Clinton at about 16. Over at Intrade, Obama closed at 83, Clinton at 14,9. These prices are better predictors than any opinion poll. The IEM is a prediction market run by the University of Iowa's Tippie College of Business.