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Books > Business & Economics > Business & management > Management & management techniques > Management decision making
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Prediction Markets - Fundamentals, Designs, and Applications (Paperback, 2012)
Loot Price: R1,457
Discovery Miles 14 570
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Prediction Markets - Fundamentals, Designs, and Applications (Paperback, 2012)
Expected to ship within 10 - 15 working days
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Accurate 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.
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