Internal corporate prediction markets: “From each according to his bet”

Daniel O'Leary

International Journal of Accounting Information Systems, 2013, vol. 14, issue 2, 89-103

Abstract: Experimental markets (e.g., Iowa Experimental Markets) have been successful at capturing market price predictions of future events, such as who will win the U.S. Presidential election. As a result, prediction markets have been moved to corporations, in the form of internal corporate prediction markets, where participants bet on the occurrence of events of interest to the corporation. Corporations have used prediction markets for a number of different types of applications including project management, investment choice, forecasting sales, and others. Accordingly, prediction markets are an important emerging technology that can find use in these and other areas of applications.

Keywords: Information systems; Knowledge management; Decision support systems; Information asymmetries; Accounting; Finance (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ijoais:v:14:y:2013:i:2:p:89-103

DOI: 10.1016/j.accinf.2012.02.003

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