Accurate predictions are essential in many areas such as business and sports forecasting. Prediction markets are a promising approach for predicting uncertain future events and developments. This work demonstrates that markets are accurate predictors beyond the field of political stock markets....

Prediction markets are a promising approach forpredicting uncertain future events and developments.These markets will work well if they are efficient and inefficient markets, one does not expect arbitrageopportunities to be persistent. This paper thereforestudies whether pure arbitrage...

Prediction markets have proven high forecasting performance in many areas such as politics, sportsand business-related fields compared to traditional instruments such as polls or expert opinions. Theadvantage of real-money prediction markets is to provide participants with a clear incentive to...

The results of recent studies on prediction markets are encouraging. Prior experience demonstrates that markets with different incentive schemes predicted uncertain future events at a remarkable accuracy. In this paper, we study the impact of different monetary incentives on prediction accuracy...

Service-oriented computing as a concept for providing interoperability and flexibility within heterogeneous environments has gained much attention within the last few years. Dynamically integrating external Web services into enterprise applications requires automatic contracting between service...

Electronic markets and especially online auctions gain more and more importance and a plethora of market mechanisms is emerging on the Internet. The great variety of trading rules hinders agents easily switching between different marketplaces and, therefore, fragments the overall market - supply...