INTERPRETING THE PREDICTIONS OF PREDICTION MARKETS

Volume: 91, Issue: 3, Pages: 425 - 429
Published: Jun 1, 2006
Abstract
null null Prediction markets are futures markets in which prices are used to predict future events. I present the first formal analysis of price determination supposing traders have heterogeneous beliefs, deriving the equilibrium when traders are risk-neutral price...
Paper Details
Title
INTERPRETING THE PREDICTIONS OF PREDICTION MARKETS
Published Date
Jun 1, 2006
Volume
91
Issue
3
Pages
425 - 429
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