Forsythe Gives Pre-Caucus Update on the IEM

ROBERT FORSYTHE, professor of economics at the Tippie College of Business at the University of Iowa, was interviewed on "Talk of the Nation" about the Iowa Electronic Market, where traders can buy and sell futures of the Democratic presidential candidates. Forsythe explained how the market works and gave an update on prices for the Democratic candidates. "People open up accounts with us and they can invest between $5 and $500, and will get their own account, which they can log in to and trade away. And if you think Dean is undervalued at 52 cents currently, you can be buying up contracts in Dean. If think he's overvalued, you can be selling them off," Forsythe said. A Real Audio recording of the interview may be accessed at the link below.

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