Predicting Uncertain Outcomes Using Information Markets

• Main Authors: CHEN, Yiling, CHU, Chao-Hsien, Mullen, Tracy
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2006
• Subjects: Information market; prediction; trader behavior; information aggregation; Computer Sciences; Management Information Systems
• Online Access: https://ink.library.smu.edu.sg/sis_research/1789; http://dx.doi.org/10.1142/S179300570600052X
• Institution: Singapore Management University

Forecasting seems to be a ubiquitous endeavor in human societies. In this paper, information markets are introduced as a promising mechanism for predicting uncertain outcomes. Information markets are markets that are specially designed for aggregating information and making predictions on future eve...