Stefan Luckner: Prediction Markets

Cover: 9783834933584 | Prediction Markets | Fundamentals, Designs, and Applications | Buch

Rückseite: 9783834933584 | Prediction Markets | Fundamentals, Designs, and Applications | Buch

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Sprache: Englisch

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Beschreibung

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.

Über den Autor

Dr. Stefan Luckner works as an IT strategy consultant for a leading management consulting company.
Dr. Jan Schröder is co-founder of KENFORX, a company providing methods for collective intelligence like prediction markets.
Dr. Christian Slamka works as a consultant in strategic IT management projects in the telecom industry.

Zusammenfassung

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.

Inhaltsverzeichnis

Fundamentals of Prediction Markets

Key Design Elements of Prediction Markets

Applications of Prediction Markets

Prediction Markets in Service Industries

Details

Erscheinungsjahr:	2011
Fachbereich:	Management
Genre:	Recht , Sozialwissenschaften , Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Taschenbuch
Inhalt:	XIV 141 S.
ISBN-13:	9783834933584
ISBN-10:	3834933589
Sprache:	Englisch
Herstellernummer:	85049355
Einband:	Kartoniert / Broschiert
Autor:	Luckner, Stefan Schröder, Jan Slamka, Christian Skiera, Bernd Spann, Martin Weinhardt, Christof Geyer-Schulz, Andreas Franke, Markus
Hersteller:	Gabler Verlag Betriebswirtschaftlicher Verlag Dr. Th. Gabler
Verantwortliche Person für die EU:	Springer Gabler in Springer Science + Business Media, Tiergartenstr. 15-17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße:	210 x 148 x 9 mm
Von/Mit:	Stefan Luckner (u. a.)
Erscheinungsdatum:	20.12.2011
Gewicht:	0,212 kg