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Title:Five open questions about prediction markets PDF Logo
Authors:Wolfers, Justin
Zitzewitz, Eric
Issue Date:2006
Series/Report no.:IZA Discussion Papers 1975
Abstract:Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management - in both the public and private sectors. This paper outlines five open questions in the literature, and we argue that resolving these questions is crucial to determining whether current optimism about prediction markets will be realized.
Subjects:prediction markets
information markets
event futures
political forecasting
prediction IVs
JEL:C9
D7
D8
G1
M2
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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