Prediction Markets: Fundamentals, Designs, and Applications

by Andreas Geyer-Schulz, Bernd Skiera, Stefan Luckner, et al.

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...

• Format: Paperback
• Language: English
• ISBN: 3834933589
• ISBN13: 9783834933584
• Release Date: December 2011
• Publisher: Gabler Verlag
• Length: 141 Pages
• Weight: 0.40 lbs.
• Dimensions: 0.4" x 5.8" x 8.2"