Prediction Markets

Fundamentals, Designs, and Applications

  • Authors
  • Stefan Luckner
  • Jan Schröder
  • Christian Slamka
  • Markus Franke
  • Andreas Geyer-Schulz
  • Bernd Skiera
  • Martin Spann
  • Christof Weinhardt

Table of contents

  1. Front Matter
    Pages I-XIV
  2. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 1-5
  3. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 6-10
  4. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 11-47
  5. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 48-117
  6. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 118-119
  7. Back Matter
    Pages 120-140

About this book

Introduction

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.

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-8349-7085-5
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2012
  • Publisher Name Gabler Verlag
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8349-3358-4
  • Online ISBN 978-3-8349-7085-5
  • About this book
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