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Prediction Markets

Fundamentals, Designs, and Applications

Produktform: E-Buch Text Elektronisches Buch in proprietärem

Accurate predictions are essential in many areas such as corporate decision making, weather forecasting and technology forecasting. Prediction markets help to aggregate information and gain a better understanding of the future by leveraging the wisdom of the crowds. Trading prices in prediction markets thus reflect the traders’ aggregated expectations on the outcome of uncertain future events and can be used to predict the likelihood of these events. This book demonstrates that markets are accurate predictors. Results from several empirical studies reported in this work show the importance of designing such markets properly in order to derive valuable predictions. Therefore, the findings are valuable for designing future prediction markets.weiterlesen

Elektronisches Format: PDF

Sprache(n): Englisch

ISBN: 978-3-8349-7085-5 / 978-3834970855 / 9783834970855

Verlag: Betriebswirtschaftlicher Verlag Gabler

Erscheinungsdatum: 04.11.2011

Seiten: 141

Autor(en): Jan Schröder, Bernd Skiera, Markus Franke, Christof Weinhardt, Stefan Luckner, Andreas Geyer-Schulz, Martin Spann, Christian Slamka

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