Five Open Questions About Prediction Markets

Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management -- in both the public and private sectors. This paper outlines five open questions in the literature, and we argue that resolving these questions is crucial to determining whether current optimism about prediction markets will be realized.

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Year of publication:	2006-02
Authors:	Wolfers, Justin ; Zitzewitz, Eric
Institutions:	National Bureau of Economic Research (NBER)

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Extent:	application/pdf
Series:	NBER Working Papers.
Type of publication:	Book / Working Paper
Notes:	AP EFG published as Hahn, Robert and Paul Tetlock (eds.) Information Markets: A New Way of Making Decisions in the Public and Private Sectors. Washington DC: AEI-Brookings Press, 2006. Number 12060
Classification:	C9 - Design of Experiments ; D7 - Analysis of Collective Decision-Making ; D8 - Information and Uncertainty ; G1 - General Financial Markets ; M2 - Business Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005034916