Abstract
This article surveys (a) the challenges of transitioning the results from prediction-market experiments under laboratory conditions to outside-world conditions devoid of laboratory controls, (b) the abilities of current (as of this writing, in 2007) implementations of prediction markets to address these challenges, and (c) opportunities for research into future market designs which are robust to these challenges.
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© 2018 Macmillan Publishers Ltd.
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Croson, D.C. (2018). Prediction Market Design. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1943
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1943
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