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Prediction Markets

Fundamentals, Designs, and Applications

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  • © 2012

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Table of contents (5 chapters)

About this book

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.

About the authors

Dr. Stefan Luckner works as an IT strategy consultant for a leading management consulting company.

Dr. Jan Schröder is co-founder of KENFORX, a company providing methods for collective intelligence like prediction markets.

Dr. Christian Slamka works as a consultant in strategic IT management projects in the telecom industry.

Bibliographic Information

  • Book Title: Prediction Markets

  • Book Subtitle: Fundamentals, Designs, and Applications

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

  • DOI: https://doi.org/10.1007/978-3-8349-7085-5

  • Publisher: Gabler Verlag Wiesbaden

  • eBook Packages: Business and Economics, Business and Management (R0)

  • Copyright Information: Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2012

  • Softcover ISBN: 978-3-8349-3358-4Published: 20 December 2011

  • eBook ISBN: 978-3-8349-7085-5Published: 04 November 2011

  • Edition Number: 1

  • Number of Pages: XIV, 141

  • Topics: Trade, Business and Management, general

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