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
Authors:	Wolfers, Justin ; Zitzewitz, Eric
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	Prognoseverfahren \| Informationsdienstleistung \| Manipulation \| Risikomanagement \| Wirtschaftsprognose \| Börsenspiel \| prediction markets \| information markets \| event futures \| political forecasting \| prediction IVs

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Series:	IZA Discussion Papers ; 1975
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	507804260 [GVK] hdl:10419/33339 [Handle]
Classification:	C9 - Design of Experiments ; D7 - Analysis of Collective Decision-Making ; D8 - Information and Uncertainty ; G1 - General Financial Markets ; M2 - Business Economics
Source:	EconStor

Persistent link: https://www.econbiz.de/10010267442