In the last decade, prediction markets became popular forecasting toolsin areas ranging from election results to movie revenues and Oscarnominations. One of the features that make prediction marketsparticularly attractive for decision support applications is that theycan be used to answer...

Prediction markets – markets used to forecast future events – have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their...

Prediction markets - markets used to forecast future events - have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their utilization by...

Prediction markets--markets used to forecast future events--have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their utilization by...

Documented results indicate prediction markets effectively aggregate information and form accurate predictions. This has led to a proliferation of markets predicting everything from the results of elections to a company's sales to movie box office receipts. Recent research suggests prediction...

Thanks to digital innovation, the wisdom of the crowd, which aims at gathering information (e.g. Wikipedia) and making a prediction (e.g. using prediction markets) from a group's aggregated inputs, has been widely appreciated. An innovative survey design, based on a Bayesian learning framework,...

Two popular methods for aggregating individual forecasts are prediction markets, where participants bet on the outcome of future events, and forecasting contests, where participants are ranked according to the accuracy of their forecasts. Can these methods be used in concert to produce more...