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Forrest D. Nelson

Forrest D. Nelson Economics

Henry B. Tippie Research Fellow
W316  Pappajohn Business Building
The University of Iowa, Iowa City, IA 52242-1994

Academic History

  • PhD in Economics, University of Rochester, 1975
  • MS in Economics, University of Rochester, 1974
  • BS in Agricultural Economics, Colorado State University, 1968


  • Prediction Markets
  • Qualitative and Limited Dependent Variables


  • Henry B. Tippie Research Fellow, 2005

Selected Publications

      Sponsored Research

      • The Use of Prediction Markets to Predict Influenza Activity, Forrest D. Nelson, George R. Neumann, Phillip Polgreen. Robert Woods Johnson Foundation
      • Influenza Markets, George R. Neumann, Forrest D. Nelson, Philip M. Polgreen. Robert Woods Johnson Foundation
      • An Avian Influenza Prediction Market, Forrest D. Nelson, George R. Neumann, Phillip Polgreen. Robert Woods Johnson Foundation

      Other Work

        Prior Positions

        • Visiting Professor, Economics Institute, Aarhus University, Ärhus Denmark, September 1990 - May 1991
        • Associate Professor, Department of Economics, College of Business Administration, University of Iowa, Iowa City, Ia., August 1980 - June 1989
        • Assistant Professor, Division of Humanities and Social Sciences, California Institute of Technology, Pasadena, Ca., August 1975 - July 1980
        • Research Associate, National Bureau of Economic Research, Cambridge, MA, April 1974 - July 1975
        • Administrative Faculty Position and Group Leader, Research Data Analysis Group, Statistical Laboratory, Colo. St. Univ., Fort Collins, Co., August 1968 - July 1971


            • Prediction Markets to Protect Public Health, Infectious Disease Prediction Workshop, White House Office of Science and Technology Policy, Washington, D.C., August 2013
            • Iowa Electronic Markets - 2012 Presidential Election, American Statistical Association, Chicago Chapter, ASA, Chicago, May 2012
            • Can a Market serve as a Modern Day Oracle, Cornell Economics Seminar, Cornell College, Mt. Vernon, IA, February 2010
            • Using Prediction Markets to Forecast Influenza, IMEDS 2009, International Meeting of Emerging Disease Society, Vienna, Austria, February 2009
            • Medical Information Markets, American Economic Association Winter Meetings-2008, AEA, New Orleans, LA Jan 5-10, January 2008

            Committees and Professional Service

            • Elected Faculty Council, 2008-current
            • Undergraduate Committee, 2000-current
            • Iowa Electronic Market Steering Committee, 1988-current
            • Promotion and Tenure, 2011-2012
            • Funded Retirement and Insurance Committee, 2006-2008

            Additional Training

            • Introduction to FERPA, 2003
            • NIH human subjects training, 2003