Who will win in 96 Want to bet

[Dave Farber <farber () central cis upenn edu>]

Posted-Date: Sun, 19 Mar 1995 12:59:47 -0500
Date: Sun, 19 Mar 1995 12:59:46 -0500 (EST)
From: Hal Varian <hal () alfred econ lsa umich edu>
To: Dave Farber <farber () central cis upenn edu>
Cc: interesting-people mailing list <interesting-people () eff org>
Subject: Re: new casino on the internet


On Thu, 16 Mar 1995, Dave Farber wrote:


> Bits & bytes: Finally, a truly valuable service on the Internet: gambling.


Anyone at an edu address has been able to bet real money on political
races, earnings reports of selected firms, etc. at the Iowa Electronic
Markets since 1992.  Look at
  http://www.biz.uiowa.edu/iem/index.html 
for background and/or telnet to iem.biz.uiowa.edu to see the 
market in action and participate.  Right now they are running
markets on the 1996 Presidental race.


(This experiment has been funded by the NSF Economics Division and has
generated many very interesting papers and findings.  It has also been a
very valuable teaching tool.  And, yes, they do have clearance from the
SEC.)



---
Hal.Varian () umich edu                 Hal Varian
voice: 313-764-2364                     Dept of Economics
fax:   313-764-2364                     Univ of Michigan
http://gopher.econ.lsa.umich.edu        Ann Arbor, MI 48109-1220