Information Markets are online based market systems and utilize market mechanisms for the aggregation of information. Market prices can be interpreted to forecast outcomes of future events. Information Markets show impressive prediction accuracy and often outperform other forecasting methods and experts. However, Information Markets still have not become an established part of companies forecasting strategies. Nevertheless, a promising application in companies is the usage of Information Markets for the assessment of innovations since it efficiently integrates many relevant people into...
Information Markets are online based market systems and utilize market mechanisms for the aggregation of information. Market prices can be interpreted...