TY - BOOK ID - 56714480 TI - Prediction Markets AU - Luckner, Stefan AU - Schröder, Jan AU - Slamka, Christian AU - Franke, Markus AU - Geyer-Schulz, Andreas AU - Skiera, Bernd AU - Spann, Martin AU - Weinhardt, Christof AU - SpringerLink (Online service) PY - 2012 SN - 9783834970855 PB - Wiesbaden Gabler Verlag DB - UniCat KW - Business management KW - management KW - bedrijfskunde KW - handelswetenschappen UR - https://www.unicat.be/uniCat?func=search&query=sysid:56714480 AB - 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. ER -