Examples of Election Stock Markets
In North America, two universities have been operating election stock markets for over a decade. The University of Iowa's Tippie College of Business has been operating the Iowa Electronic Markets . The Iowa markets primarily track presidential and congressional elections. In Canada, the University of British Columbia's Sauder School of Business has been operating the UBC Election Stock Market. The UBC markets track federal and provincial elections in Canada. The Iowa and UBC markets are non-profit operations for research purposes. These markets do not charge commissions or transaction fees. Investments are typically limited to USD 500 or CAD 1,000.
Privately run prediction markets have also emerged in recent years. Unlike their university counterparts, commercial prediction markets charge fees or commissions to cover their operating costs. Commercial markets may charge fees per transaction or commissions on net profits, and fees per transaction may be differentiated for price takers (those placing a market order) and price makers (those placing a limit order). Examples of commercial prediction markets include Intrade Prediction Markets and The Washington Stock Exchange; both track predictions for a broad set of political events. Commercial prediction markets claim that they attract more investment and generate more trading volume than their academic counterparts as they don't limit a trader's capital investment. The prediction accuracy of commercial and academic election stock markets is an area of active research (see below).
Read more about this topic: Election Stock Market
Famous quotes containing the words examples of, examples, election, stock and/or markets:
“Histories are more full of examples of the fidelity of dogs than of friends.”
—Alexander Pope (1688–1744)
“Histories are more full of examples of the fidelity of dogs than of friends.”
—Alexander Pope (1688–1744)
“Do you know I believe that [William Jennings] Bryan will force his nomination on the Democrats again. I believe he will either do this by advocating Prohibition, or else he will run on a Prohibition platform independent of the Democrats. But you will see that the year before the election he will organize a mammoth lecture tour and will make Prohibition the leading note of every address.”
—William Howard Taft (1857–1930)
“After supper she got out her book and learned me about Moses and the Bulrushers; and I was in a sweat to find out all about him; but by and by she let it out that Moses had been dead a considerable long time; so then I didn’t care no more about him; because I don’t take no stock in dead people.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street. When the Boys are in a good mood, the market thrives; when they get scared or sullen, it is time for each one of us to look into the retail apple business.”
—Barbara Ehrenreich (b. 1941)