000 02457nam a22004815i 4500
001 978-3-8349-7085-5
003 DE-He213
005 20140220083333.0
007 cr nn 008mamaa
008 111103s2012 gw | s |||| 0|eng d
020 _a9783834970855
_9978-3-8349-7085-5
024 7 _a10.1007/978-3-8349-7085-5
_2doi
050 4 _aHF4999.2-6182
050 4 _aHD28-70
072 7 _aKJ
_2bicssc
072 7 _aBUS042000
_2bisacsh
082 0 4 _a650
_223
100 1 _aLuckner, Stefan.
_eauthor.
245 1 0 _aPrediction Markets
_h[electronic resource] :
_bFundamentals, Designs, and Applications /
_cby Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera, Martin Spann, Christof Weinhardt.
264 1 _aWiesbaden :
_bGabler Verlag,
_c2012.
300 _aXIV, 141 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
520 _aAccurate predictions are essential in many areas such as corporate decision making, weather forecasting and technology forecasting. Prediction markets help to aggregate information and gain a better understanding of the future by leveraging the wisdom of the crowds. Trading prices in prediction markets thus reflect the traders’ aggregated expectations on the outcome of uncertain future events and can be used to predict the likelihood of these events. This book demonstrates that markets are accurate predictors. Results from several empirical studies reported in this work show the importance of designing such markets properly in order to derive valuable predictions. Therefore, the findings are valuable for designing future prediction markets.
650 0 _aEconomics.
650 1 4 _aEconomics/Management Science.
650 2 4 _aBusiness/Management Science, general.
700 1 _aSchröder, Jan.
_eauthor.
700 1 _aSlamka, Christian.
_eauthor.
700 1 _aFranke, Markus.
_eauthor.
700 1 _aGeyer-Schulz, Andreas.
_eauthor.
700 1 _aSkiera, Bernd.
_eauthor.
700 1 _aSpann, Martin.
_eauthor.
700 1 _aWeinhardt, Christof.
_eauthor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783834933584
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-8349-7085-5
912 _aZDB-2-SBE
999 _c104018
_d104018