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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- About this book
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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
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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)
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Introduction
Pages 1-5
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Fundamentals of Prediction Markets
Pages 6-10
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Key Design Elements of Prediction Markets
Pages 11-47
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Applications of Prediction Markets
Pages 48-117
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Conclusion
Pages 118-119
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Table of contents (5 chapters)
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Bibliographic Information
- Bibliographic Information
-
- Book Title
- Prediction Markets
- Book Subtitle
- Fundamentals, Designs, and Applications
- Authors
-
- Stefan Luckner
- Jan Schröder
- Christian Slamka
- Bernd Skiera
- Martin Spann
- Christof Weinhardt
- Andreas Geyer-Schulz
- Markus Franke
- 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
