Iowa Electronic Markets (IEM)
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(Created page with '== Discussion == == External links == * [http://www.biz.uiowa.edu/iem/index.cfm IEM] * [http://en.wikipedia.org/wiki/Iowa_Electronic_Markets IEM in Wikipedia] [[Category:Contin…') |
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| + | The '''Iowa Electronic Markets (IEM)''' are operated by the [http://tippie.uiowa.edu/ University of Iowa, the Henry B. Tippie College of Business], as part of its research an teaching mission. The objective of the markets is to ''[[:Category:Predict|predict]]'' the outcome of ''[[:Category:Current or recreation events|political]]'' events mostly. This is a ''[[:Category:Public domain markets|public market]]'' which is open for a ''[[:Category:Long duration|long duration]]''. The markets are usually ''[[:Category:Large markets|large]]'' and the platform uses the ''[[:Category:Continuous Double Auction (CDA)|Continuous Double Auction (CDA)]]'' market model. The type of securities that is used by the market is ''[[:Category:Winner-takes-all securities|Winner-takes-all]]'' or ''[[:Category:Index securities|Index]]'' and the traders use ''[[:Category:Limited own funds|limited own funds]]'' of ''[[:Category:Real-money|real-money]]''. The marketplace ''[[:Category:No interaction|does not enable online interaction]]''. | ||
| + | The traders in the markets are ''[[:Category:Self-selected traders|self-selected]]''. They have ''[[:Category:No-stake in outcome|no stake]]'' in the outcome of the events, and they possess ''[[:Category:Incomplete information|incomplete information]]''. The incentive to participate is based on trader's ''[[:Category:Performance incentive|performance]]'' and the reward is ''[[:Category:Monetary reward|monetary]]''. | ||
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| + | The Iowa Electronic Markets are also available for research and teaching purposes and in this case the operate in closed ''[[:Category:Laboratory|laboratory]]'' settings. | ||
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== Discussion == | == Discussion == | ||
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[[Category:Incomplete information]] | [[Category:Incomplete information]] | ||
[[Category:Index securities]] | [[Category:Index securities]] | ||
| - | [[Category: | + | [[:Category:Laboratory|laboratory]] |
[[Category:Large markets]] | [[Category:Large markets]] | ||
| + | [[Category:Limited own funds]] | ||
[[Category:Long duration]] | [[Category:Long duration]] | ||
| + | [[Category:Markets]] | ||
[[Category:Monetary reward]] | [[Category:Monetary reward]] | ||
[[Category:No-stake in outcome]] | [[Category:No-stake in outcome]] | ||
