Books > Social sciences > Sociology, social studies > Social research & statistics > Social forecasting, futurology
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Predictocracy - Market Mechanisms for Public and Private Decision Making (Hardcover)
Loot Price: R480
Discovery Miles 4 800
You Save: R120
(20%)
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Predictocracy - Market Mechanisms for Public and Private Decision Making (Hardcover)
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List price R600
Loot Price R480
Discovery Miles 4 800
You Save R120 (20%)
Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.
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Predicting the future is serious business for virtually all public
and private institutions, for they must often make important
decisions based on such predictions. This visionary book explores
how institutions from legislatures to corporations might improve
their predictions and arrive at better decisions by means of
prediction markets, a promising new tool with virtually unlimited
potential applications. Michael Abramowicz explains how prediction
markets work; why they accurately forecast elections, sports
contests, and other events; and how they may even advance the
ideals of our system of republican government. He also explores the
ways in which prediction markets address common problems related to
institutional decision making. Throughout the book the author
extends current thinking about prediction markets and offers
imaginative proposals for their use in an array of settings and
situations.
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