Prediction Markets: Fundamentals, Designs, and Applications - Tapa blanda

Luckner, Stefan

 
9783834933584: Prediction Markets: Fundamentals, Designs, and Applications
Tapa blanda
ISBN 10: 3834933589 ISBN 13: 9783834933584
Editorial: Gabler Verlag, 2011

Sinopsis

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.

"Sinopsis" puede pertenecer a otra edición de este libro.

Acerca del autor

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.

De la contraportada

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.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
Gabler Verlag
Año de publicación
2011
Idioma
Inglés
ISBN 10 
3834933589
ISBN 13 
9783834933584
Encuadernación
Tapa blanda
Número de páginas
156
Contacto del fabricante
no disponible
Persona responsable
no disponible