Does money matter in predicting future events?

Verfügbarkeit:
Auf Lager.
Artikelnummer:
1278384
  • Produktbeschreibung

    Does money matter in predicting future events?

    Prediction markets are online trading platforms where contracts on future events are traded with payoffs being exclusively linked to event occurrence. Scientific research has shown that market prices of such contracts imply high forecasting accuracy through effective information aggregation of dispersed knowledge. This phenomenon is related to incentives for truthful aggregation in the form of real-money or play-money rewards. The question whether real- or play-money incentives enhance higher relative forecast accuracy has been addressed by previous works with diverse findings. The current state of empirical research in his field is subject to two inherent deficiencies. First, inter-market studies suffer from market disparities and differences in the definition of underlying events. Comparisons between two different platforms (one for play-money contracts, one for real-money contracts) are potentially biased by different trading behaviour. Second, the majority of studies are based upon identical datasets of market platforms (IOWA stock exchange, Tradesports/Intrade, NewsFutures).
  • Zusatzinformation

    Autor
    Bindung
    Taschenbuch
    Verlag
    Anchor Academic Publishing
    ISBN / EAN
    9783954891320
  • Sie könnten auch an folgenden Produkten interessiert sein

    Art.Nr. 1901328

    Dolata:Compliance contra Wirtschaftskri

    56,00
    Art.Nr. 1766308

    Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

    13,50
  • 0 Kundenmeinungen

    Schreiben Sie selbst eine Rezension

    Ihre Meinung interessiert uns – und hilft anderen Kunden bei der Auswahl.

    Wenn Sie dieses Eingabefeld sehen sollten, lassen Sie es leer!