Prediction Markets as Decision Support Systems

Volume: 5, Issue: 1, Pages: 79 - 93
Published: Jan 1, 2003
Abstract
Valuations from “prediction markets” reveal expectations about the likelihood of events. “Conditional prediction markets” reveal expectations conditional on other events occurring. For example, in 1996, the Iowa Electronic Markets (IEM) ran markets to predict the chances that different candidates would become the Republican Presidential nominee. Other concurrent IEM markets predicted the vote shares that each party would receive conditional on...
Paper Details
Title
Prediction Markets as Decision Support Systems
Published Date
Jan 1, 2003
Volume
5
Issue
1
Pages
79 - 93
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