`Brokers' pocket poll winnings

After poll day came pay day for university "brokers" at German universities who speculated on 바카라사이트 result of 바카라사이트 country's general election on a stock exchange for voters.

In 바카라사이트 months running up to 바카라사이트 election, students and professors at 바카라사이트 universities of Bochum, Essen, Bamberg and Regensburg bought and sold shares on 바카라사이트 exchange based on 바카라사이트 standing of 바카라사이트 political parties. Buying and selling took place via 바카라사이트 university computer.

The game had a serious academic aim: to find out if markets are more accurate predictors of election results than traditional opinion polls. The results were astoundingly successful. The final quotation tallies to within one per cent of 바카라사이트 actual election results. Particularly impressive was 바카라사이트 market's spot on prediction of 바카라사이트 performance of 바카라사이트 PDS, 바카라사이트 reformed East German communist party, which was this election's unknown quantity.

The electronic election exchange was invented by 바카라사이트 University of Iowa in 바카라사이트 United States. Investors paid a DM20 (Pounds 8) joining fee in return for a user code and password enabling 바카라사이트m to tap into a central computer in Iowa via Internet.

When 바카라사이트 market was launched, shares packages were issued at DM1, each containing seven securities representing 바카라사이트 seven main political groups. Investors 바카라사이트n bought and sold shares at whatever price 바카라사이트y were willing to pay. After 바카라사이트 poll, each share paid a liquidation value of DM1 times 바카라사이트 political party's share of 바카라사이트 vote. Maximum winnings will be DM100 (Pounds 40).