LEADER 03696oam 2200673I 450 001 9910790472603321 005 20230725032643.0 010 $a1-136-71568-1 010 $a1-283-46075-0 010 $a9786613460752 010 $a1-136-71569-X 010 $a0-203-81552-1 024 7 $a10.4324/9780203815526 035 $a(CKB)2670000000148276 035 $a(EBL)692983 035 $a(OCoLC)794326188 035 $a(SSID)ssj0000612607 035 $a(PQKBManifestationID)11387971 035 $a(PQKBTitleCode)TC0000612607 035 $a(PQKBWorkID)10572040 035 $a(PQKB)10365466 035 $a(MiAaPQ)EBC692983 035 $a(Au-PeEL)EBL692983 035 $a(CaPaEBR)ebr10533828 035 $a(CaONFJC)MIL346075 035 $a(OCoLC)782056180 035 $a(EXLCZ)992670000000148276 100 $a20180706d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aPrediction markets $etheory and applications /$fedited by Leighton Vaughan Williams 210 1$aAbingdon, Oxon :$cRoutledge,$d2011. 215 $a1 online resource (566 p.) 225 1 $aRoutledge international studies in money and banking ;$v66 300 $aDescription based upon print version of record. 311 $a1-138-80290-5 311 $a0-415-57286-X 320 $aIncludes bibliographical references and index. 327 $aCover; Title; Copyright; Contents; Notes on contributors; 1. Introduction; 2. Modeling idea markets: Between beauty contests and prediction markets; 3. How prediction markets can save event studies; 4. Mechanisms for prediction markets; 5. Information markets for decision-making: Performance and feasibility; 6. Using prediction markets in new product development; 7. Prediction market accuracy for business forecasting; 8. Price biases and contract design: Lessons from Tradesports; 9. The predictive ability of financial markets 327 $a10. The ability of markets to predict conditional probabilities: Evidence from the US presidential campaign11. Prediction markets: A study on the Taiwan experience; 12. Uses of sports wagering-based prediction markets outside of the world of gambling; 13. Experimental prediction and pari-mutuel betting markets; 14. The economic analysis of sports betting by expert gamblers and insiders: A survey; 15. Who can beat the odds?: The case of football betting reviewed; 16. The prediction market for the Australian Football League; 17. Do experts know more than the crowd?: A case study; Index 330 $aHow does one effectively aggregate disparate pieces of information that are spread among many different individuals? In other words, how does one best access the 'wisdom of the crowd'? Prediction markets, which are essentially speculative markets created for the purpose of aggregating information and making predictions, offer the answer to this question. The effective use of these markets has the potential not only to help forecast future events on a national and international level, but also to assist companies, for example, in providing improved estimates of the potential market size for 410 0$aRoutledge international studies in money and banking ;$v66. 606 $aBusiness forecasting 606 $aEconomic forecasting 606 $aForecasting 615 0$aBusiness forecasting. 615 0$aEconomic forecasting. 615 0$aForecasting. 676 $a303.49 701 $aVaughan Williams$b Leighton$01552111 801 0$bFlBoTFG 801 1$bFlBoTFG 906 $aBOOK 912 $a9910790472603321 996 $aPrediction markets$93811907 997 $aUNINA