Five Open Questions About Prediction Markets / Justin Wolfers, Eric Zitzewitz.

Format:

Book

Author/Creator:

Wolfers, Justin.

Contributor:

National Bureau of Economic Research.

Zitzewitz, Eric.

Series:

Working Paper Series (National Bureau of Economic Research) no. w12060.

NBER working paper series no. w12060

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2006.

Summary:

Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management -- in both the public and private sectors. This paper outlines five open questions in the literature, and we argue that resolving these questions is crucial to determining whether current optimism about prediction markets will be realized.

Notes:

Print version record

February 2006.