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© 2012

Prediction Markets

Fundamentals, Designs, and Applications

  • Authors
Book

Table of contents

  1. Front Matter
    Pages I-XIV
  2. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 1-5
  3. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 6-10
  4. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 11-47
  5. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 48-117
  6. Stefan Luckner, Jan Schröder, Christian Slamka, Markus Franke, Andreas Geyer-Schulz, Bernd Skiera et al.
    Pages 118-119
  7. Back Matter
    Pages 120-140

About this book

Introduction

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.

About the authors

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.

Bibliographic information

  • Book Title Prediction Markets
  • Book Subtitle Fundamentals, Designs, and Applications
  • Authors Stefan Luckner
    Jan Schröder
    Christian Slamka
    Bernd Skiera
    Martin Spann
    Christof Weinhardt
    Andreas Geyer-Schulz
    Markus Franke
  • DOI https://doi.org/10.1007/978-3-8349-7085-5
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2012
  • Publisher Name Gabler Verlag
  • eBook Packages Business and Economics Business and Management (R0)
  • Softcover ISBN 978-3-8349-3358-4
  • eBook ISBN 978-3-8349-7085-5
  • Edition Number 1
  • Number of Pages XIV, 141
  • Number of Illustrations 0 b/w illustrations, 0 illustrations in colour
  • Topics Trade
    Business and Management, general
  • Buy this book on publisher's site