Internal prediction markets draw on the wisdom of crowds, gathering knowledge from a broad range of information sources and embedding that knowledge in the stock price. This chapter examines the use of internal prediction markets as a forecasting tool, including as a stand-alone, and as a...

This paper investigates opportunities and approaches for forecasting the future, with a particular focus on Nobel prizes. We review different approaches, including using the “wisdom of the crowd” through approaches such as prediction markets. We drill down on prediction markets, analyzing...