{"title":"Iowa Electronic Markets Seat Distribution Forecasts for the 2022 U.S. House and Senate Elections: A Retrospective","authors":"Joyce E. Berg, Thomas S Gruca, Thomas A. Rietz","doi":"10.1086/725241","DOIUrl":null,"url":null,"abstract":"The Iowa Electronic Markets (IEM) are real-money, internet-based futures markets where contract prices reveal information about future events. Since 1988, the IEM has run election markets establishing a track record of accuracy. Self-selected IEM traders invest their own money and trade contracts with payoffs tied to future election outcomes. This incentivizes accurate forecasting. Prices change when price-determining traders’ beliefs change. Thus, IEM price dynamics","PeriodicalId":46912,"journal":{"name":"Polity","volume":null,"pages":null},"PeriodicalIF":1.0000,"publicationDate":"2023-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Polity","FirstCategoryId":"90","ListUrlMain":"https://doi.org/10.1086/725241","RegionNum":4,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"POLITICAL SCIENCE","Score":null,"Total":0}
引用次数: 1
Abstract
The Iowa Electronic Markets (IEM) are real-money, internet-based futures markets where contract prices reveal information about future events. Since 1988, the IEM has run election markets establishing a track record of accuracy. Self-selected IEM traders invest their own money and trade contracts with payoffs tied to future election outcomes. This incentivizes accurate forecasting. Prices change when price-determining traders’ beliefs change. Thus, IEM price dynamics
期刊介绍:
Since its inception in 1968, Polity has been committed to the publication of scholarship reflecting the full variety of approaches to the study of politics. As journals have become more specialized and less accessible to many within the discipline of political science, Polity has remained ecumenical. The editor and editorial board welcome articles intended to be of interest to an entire field (e.g., political theory or international politics) within political science, to the discipline as a whole, and to scholars in related disciplines in the social sciences and the humanities. Scholarship of this type promises to be highly "productive" - that is, to stimulate other scholars to ask fresh questions and reconsider conventional assumptions.