INFORMATION AND PREDICTABILITY: BOOKMAKERS, PREDICTION MARKETS AND TIPSTERS AS FORECASTERS
J Reade
Journal of Prediction Markets, 2014, vol. 8, issue 1, 43-76
Abstract:
The more information is available, and the more predictable are events, the better forecasts ought to be. In this paper forecasts by bookmakers, prediction markets and tipsters are evaluated for a range of events with varying degrees of predictability and information availability. All three types of forecast represent different structures of information processing and as such would be expected to perform differently. By and large, events that are more predictable, and for which more information is available, do tend to be forecast better.
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (13)
Downloads: (external link)
http://ubplj.org/index.php/jpm/article/view/865 (text/html)
Related works:
Working Paper: Information and Predictability: Bookmakers, Prediction Markets and Tipsters as Forecasters (2014) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:buc:jpredm:v:8:y:2014:i:1:p:43-76
Ordering information: This journal article can be ordered from
http://www.predictio ... ex_files/Page418.htm
Access Statistics for this article
Journal of Prediction Markets is currently edited by Leighton Vaughan Williams, Nottingham Business School
More articles in Journal of Prediction Markets from University of Buckingham Press
Bibliographic data for series maintained by Dominic Cortis, University of Malta ().