Prediction Markets

Fundamentals, Designs, and Applications

Authors: Luckner, S., Schröder, J., Slamka, C., Skiera, B., Spann, M., Weinhardt, C., Geyer-Schulz, A., Franke, M.

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eBook $59.99
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  • ISBN 978-3-8349-7085-5
  • Digitally watermarked, DRM-free
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  • Immediate eBook download after purchase
Softcover $79.99
price for USA
  • ISBN 978-3-8349-3358-4
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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.

Table of contents (5 chapters)

  • Introduction

    Luckner, Stefan (et al.)

    Pages 1-5

  • Fundamentals of Prediction Markets

    Luckner, Stefan (et al.)

    Pages 6-10

  • Key Design Elements of Prediction Markets

    Luckner, Stefan (et al.)

    Pages 11-47

  • Applications of Prediction Markets

    Luckner, Stefan (et al.)

    Pages 48-117

  • Conclusion

    Luckner, Stefan (et al.)

    Pages 118-119

Buy this book

eBook $59.99
price for USA (gross)
  • ISBN 978-3-8349-7085-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $79.99
price for USA
  • ISBN 978-3-8349-3358-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Prediction Markets
Book Subtitle
Fundamentals, Designs, and Applications
Authors
Copyright
2012
Publisher
Gabler Verlag
Copyright Holder
Gabler Verlag | Springer Fachmedien Wiesbaden GmbH
eBook ISBN
978-3-8349-7085-5
DOI
10.1007/978-3-8349-7085-5
Softcover ISBN
978-3-8349-3358-4
Edition Number
1
Number of Pages
XIV, 141
Topics