Ideas Markets: Prediction Markets – A literature review 2014

Christian Franz Horn, Bjoern Sven Ivens, Michael Ohneberg and Alexander Brem

Journal of Prediction Markets, 2014, vol. 8, issue 2, 89-126

Abstract: In recent years, Prediction Markets gained growing interest as a forecasting tool among researchers as well as practitioners, which resulted in an increasing number of publications. In order to track the latest development of research, comprising the extent and focus of research, this article provides a comprehensive review and classification of the literature related to the topic of Prediction Markets. Overall, 304 relevant articles, published in the timeframe from 2007 through 2013, were identified and assigned to a herein presented classification scheme, differentiating between descriptive works, articles of theoretical nature, application-oriented studies and articles dealing with the topic of law and policy. The analysis of the research results reveals that more than half of the literature pool deals with the application and actual function tests of Prediction Markets. The results are further compared to two previous works published by Zhao, Wagner and Chen (2008) and Tziralis and Tatsiopoulos (2007a). The article concludes with an extended bibliography section and may therefore serve as a guidance and basis for further research.

Keywords: Prediction Markets; Literature Review; Streams of Research; Article Classification; Information Markets (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://ubplj.org/index.php/jpm/article/view/889 (text/html)

Related works:
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:2:p:89-126

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 ().