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Five open questions about prediction markets

Justin Wolfers () and Eric Zitzewitz ()

No 2006-06, Working Paper Series from Federal Reserve Bank of San Francisco

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, decisionmaking 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.

Keywords: Forecasting; Financial markets; Econometric models (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ets and nep-fmk
Date: 2006
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Related works:
Working Paper: Five Open Questions About Prediction Markets (2006) Downloads
Working Paper: Five Open Questions About Prediction Markets (2006) Downloads
Working Paper: Five Open Questions About Prediction Markets (2006) Downloads
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