Wednesday, August 06, 2003

futures market for US politics junkies

A group of academics have set-up a futures market to predict the actions of the U.S. government. It's called the American Action Market (AAM)and it will start trading on October 1.

The AAM will try to predict events such as ...
-- the next White House lie to break into the news
-- the next country to which the White House will issue an ultimatum, and when
-- the first White House staffer to resign in disgrace, and when
-- the President's approval rating on the day before Saddam is captured or killed

The Pentagon's idea about starting a futures market on world events (assassinations et al.) was not received too well and was quashed recently.