Neumann Says IEM Is More Accurate Than Polls
Bookmark & ShareSeptember 17, 2004
Source: Bloomberg TV
Currently, the people putting money down on the UI's The Iowa Electronic Markets give President Bush a 59 percent point of victory over John Kerry. GEORGE NEUMANN, co-director of the Iowa Electronic Markets at UI professor of economics, said the IEM is about twice as accurate than polls in predicting presidential votes. "Polls find it almost impossible to get the proverbial random sample. The last thing we want is a random sample of traders. We want the best and the brightest, so our philosophy is 'put your money where your mouth is. Those are the traders we want, people who actually have opinions."
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