          |
|
« China Ratifies Accord Banning Cigarette Ads | Main | Security Conforms To Regulatory Compliance » August 31, 2005Hurricane Futures MarketsThe University of Miami has started to do for hurricanes what Tradesports and other websites have done for politics, sports, and legal matters: create a futures market that allows participants to trade shares predicting when hurricanes will land and at what strength.The Hurricane Futures Market, "allows meteorology researchers and students to invest real money ($5.00 - $500.00) in securities whose payoff depend on where a given hurricane makes its first landfall. The prices of these securities will then be used to forecast where a given hurricane will land." While some may view this as profiteering from tragedy, it is also a great way to predict where a hurricane will land, aiding predictions. Related from the Joint Center is our Policy Futures page, which can be found here Posted by the Joint Center at August 31, 2005 09:43 AM |
