Prediction Markets : Theory and Applications

ISBN-13: 9780415572866 / Angielski / Twarda / 2011 / 288 str.

Opis

Leighton Vaughan-Williams presents the background and the theory and evidence pertaining to the rapidly growing area of prediction markets as well as some key contributions from leading experts in the field.

Spis treści

Introduction Leighton Vaughan Williams  1. Idea Markets as an Evaluation Tool: Between Beauty Contests and Prediction Markets Marco Ottaviani  2. How Prediction Markets Can Save Event Studies Erik Snowberg, Justin Wolfers and Eric Zitzewitz  3. Mechanisms for Prediction Markets Yiling Chen  4. Information Markets for Decision Making: Performance and Feasibility Karen Croxson  5. Using Prediction Markets in New Product Development Bernd Skiera and Martin Spann  6. Prediction Market Accuracy for Business Forecasting Andreas Graefe  7. Price Biases and Contract Design : Lessons from Tradesports Richard Borghesi  8. The Predictive Ability of Financial Markets Les Coleman  9. Markets’ ability to predict conditional probabilities: Evidence from the US Presidential Campaign Lionel Page  10. Prediction Markets: A Study on the Taiwan Experience Shu-Heng Chen et al.  11. Uses of Sports Wagering-Based Prediction Markets Outside of the World of Gambling Rodney J. Paul and Andrew P. Weinbach  12. Experimental Prediction and Pari-Mutuel Betting Markets Charles Noussair  13. The Economic Analysis of Sports Betting by Expert Gamblers and Insiders: A Survey John Peirson  14. The Case of Football Betting Reviewed Johnnie Johnson and A. Oikonomodis  15. The Prediction Market for the Australian Football League Adi Schnytzer  16. Do Experts Know More than the Crowd: A Case Study Michael Smith

O autorze

Leighton Vaughan Williams is Professor of Economics and Finance and Director of the Betting Research and the Political Forecasting Unit at Nottingham Business School, Nottingham Trent University, UK.