Forsythe Explains IEM

The candidates canvassing Iowa this week would probably give anything to look into the future to see who wins the nomination for president. Some people believe a website at the University of Iowa allows them to do just that. The Tippie College of Business runs the Iowa Electronic Market where traders can buy and sell futures of the candidates. The market has been extremely accurate in picking the winners in the last four elections.

"If you look over the Presidential elections and other elections that we've run markets on, we're typically within one to one to one and a half percentage of the outcome," said Bob Forsythe, senior assocate dean in the Tippie College and an IEM co-director.

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