Kálovcová, Katarína; Ortmann, Andreas - In: Journal of Prediction Markets 3 (2009) 3, pp. 33-44
Plott, Wit & Yang (2003) conduct a betting market experiment and find: First, information was aggregated. This suggests that traders updated their private information based on observed market odds. Second, a model based only on the use of private information seems to fit their data best. The...
