skip to content
Prediction markets in theory and practice Preview this item
ClosePreview this item
Checking...

Prediction markets in theory and practice

Author: Justin Wolfers; Eric Zitzewitz; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2006.
Series: Working paper series (National Bureau of Economic Research), no. 12083.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Abstract: Prediction Markets, sometimes referred to as "information markets," "idea futures" or "event futures", are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes the recent literature on prediction markets, highlighting both theoretical contributions that emphasize the  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

 

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Justin Wolfers; Eric Zitzewitz; National Bureau of Economic Research.
OCLC Number: 64548430
Notes: Cover title.
Description: 1 online resource (1 volume).
Series Title: Working paper series (National Bureau of Economic Research), no. 12083.
Responsibility: Justin Wolfers, Eric Zitzewitz.

Abstract:

Abstract: Prediction Markets, sometimes referred to as "information markets," "idea futures" or "event futures", are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes the recent literature on prediction markets, highlighting both theoretical contributions that emphasize the possibility that these markets efficiently aggregate disperse information, and the lessons from empirical applications which show that market-generated forecasts typically outperform most moderately sophisticated benchmarks. Along the way, we highlight areas ripe for future research.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.

Similar Items

Related Subjects:(1)

Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/64548430> # Prediction markets in theory and practice
    a schema:CreativeWork, schema:MediaObject, schema:Book ;
    library:oclcnum "64548430" ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/48443807#Place/cambridge_mass> ; # Cambridge, Mass.
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    schema:about <http://id.worldcat.org/fast/931721> ; # Forecasting
    schema:bookFormat schema:EBook ;
    schema:contributor <http://viaf.org/viaf/127108210> ; # National Bureau of Economic Research.
    schema:contributor <http://viaf.org/viaf/6006531> ; # Eric Zitzewitz
    schema:creator <http://viaf.org/viaf/42892681> ; # Justin Wolfers
    schema:datePublished "2006" ;
    schema:description "Abstract: Prediction Markets, sometimes referred to as "information markets," "idea futures" or "event futures", are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes the recent literature on prediction markets, highlighting both theoretical contributions that emphasize the possibility that these markets efficiently aggregate disperse information, and the lessons from empirical applications which show that market-generated forecasts typically outperform most moderately sophisticated benchmarks. Along the way, we highlight areas ripe for future research."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/48443807> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/48443807#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/48443807#Series/nber_working_paper_series> ; # NBER working paper series ;
    schema:name "Prediction markets in theory and practice"@en ;
    schema:productID "64548430" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/64548430#PublicationEvent/cambridge_mass_national_bureau_of_economic_research_2006> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/48443807#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
    schema:url <http://papers.nber.org/papers/w12083> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/64548430> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/48443807#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
    schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/48443807#Place/cambridge_mass> # Cambridge, Mass.
    a schema:Place ;
    schema:name "Cambridge, Mass." ;
    .

<http://experiment.worldcat.org/entity/work/data/48443807#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/64548430> ; # Prediction markets in theory and practice
    schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/48443807#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/64548430> ; # Prediction markets in theory and practice
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://id.worldcat.org/fast/931721> # Forecasting
    a schema:Intangible ;
    schema:name "Forecasting"@en ;
    .

<http://viaf.org/viaf/127108210> # National Bureau of Economic Research.
    a schema:Organization ;
    schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/42892681> # Justin Wolfers
    a schema:Person ;
    schema:familyName "Wolfers" ;
    schema:givenName "Justin" ;
    schema:name "Justin Wolfers" ;
    .

<http://viaf.org/viaf/6006531> # Eric Zitzewitz
    a schema:Person ;
    schema:familyName "Zitzewitz" ;
    schema:givenName "Eric" ;
    schema:name "Eric Zitzewitz" ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.