Format:
1 online resource (289 pages)
Edition:
1st ed.
ISBN:
9780415572866
,
9780203815526
Series Statement:
Routledge International Studies in Money and Banking Series
Content:
The insights gained through the effective use of prediction markets, which are essentially speculative markets created for the purpose of aggregating information and making predictions, have many potentially valuable applications for public policy, and offer substantial promise as a tool of information aggregation as well as forecasting. This volume of original readings, contributed by many of the leading experts in the field, marks a significant addition to the base of knowledge about this fascinating subject area
Note:
Cover -- Prediction Markets Theory and applications -- Copyright -- Contents -- Notes on contributors -- 1. Introduction -- 2. Modeling idea markets: between beauty contests and prediction markets -- 3. How prediction markets can save event studies -- 4. Mechanisms for prediction markets -- 5. Information markets for decision-making: performance and feasibility -- 6. Using prediction markets in new product development -- 7. Prediction market accuracy for business forecasting -- 8. Price biases and contract design: lessons from Tradesports -- 9. The predictive ability of financial markets -- 10. The ability of markets to predict conditional probabilities: evidence from the US presidential campaign -- 11. Prediction markets: a study on the Taiwan experience -- 12. Uses of sports wagering-based prediction markets outside of the world of gambling -- 13. Experimental prediction and pari-mutuel betting markets -- 14. The economic analysis of sports betting by expert gamblers and insiders: a survey -- 15. Who can beat the odds? The case of football betting reviewed -- 16. The prediction market for the Australian Football League -- 17. Do experts know more than the crowd? A case study -- Index
Additional Edition:
Print version Vaughan Williams, Leighton Prediction Markets Oxford : Taylor & Francis Group,c2011 ISBN 9780415572866
Language:
English
Keywords:
Electronic books
URL:
FULL
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