The application of prediction markets to business
Name
57345537-MIT.pdf
Description
Full printable version
Size
4.39 MB
Format
Adobe PDF
Checksum (MD5)
d6725c4cd8656452df0fcbf77f7f0cb0
Author(s)
Schrieber, Jared M. (Jared Martin), 1976-
Advisor(s)
Abbott Weiss.
Date Issued
2004
Publisher
Massachusetts Institute of Technology
Abstract
According to financial theory, open markets efficiently and effectively aggregate all available information about future events into their prices. Recent empirical evidence has shown that speculative markets, from gambling to web-games, are better at predicting the future than more commonly used statistical or survey-based forecasting methods. As a result, a number of companies have conducted experiments to evaluate the use of prediction markets as an alternative forecasting methodology. This paper offers a comprehensive framework for determining when and how prediction markets should be employed in a business context.
Description
Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2004.
Includes bibliographical references (p. 47-48).
Subjects
Engineering Systems Division.
MIT Department
Massachusetts Institute of Technology. Engineering Systems Division
Terms of Use
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