Prediction Markets : Fundamentals, Designs, and Applications Paperback / softback
by Bernd Skiera, Andreas Geyer-Schulz, Stefan Luckner, Jannick Schroder, Christian Slamka, Martin Spann, Christof Weinhardt
Paperback / softback
Description
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.
Information
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Item not Available
- Format:Paperback / softback
- Pages:141 pages, 31 black & white tables, biography
- Publisher:Springer Fachmedien Wiesbaden
- Publication Date:05/11/2011
- Category:
- ISBN:9783834933584
Other Formats
- PDF from £38.24
Information
-
Item not Available
- Format:Paperback / softback
- Pages:141 pages, 31 black & white tables, biography
- Publisher:Springer Fachmedien Wiesbaden
- Publication Date:05/11/2011
- Category:
- ISBN:9783834933584