Prediction Markets

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Prediction Marketsmarkets are speculative markets where traderscreated for the purpose of making predictions. Assets are created whose final cash value is tied to a particular event or parameter. The current market prices can buy or sell shares that pay out a certain amount of money if and only if a certain event happens in the future.

The price of such a share canthen be interpreted as predictions of the probability that thatof the event will happen, based onor the information availableexpected value of the parameter. Prediction markets are thus structured as betting exchanges, without any risk for the bookmaker. Robin Hanson was the first to run a corporate prediction market - at Project Xanadu -, and has made several contributions to the traders.field such as: conditional predictions, accuracy issues and market and media manipulation.

People who buy low and sell high are rewarded for improving the market prediction, while those who buy high and sell low are punished for degrading the market prediction. Evidence so far suggests that prediction markets are at least as accurate as other institutions predicting the same events with a similar pool of participants.

Predictions markets have been used by organizations such as Google, General Electric, and Microsoft; several online and commercial prediction markets are also in operation. Historically, prediction markets have often been used to predict election outcomes.

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Prediction Markets are markets are speculative markets created forwhere traders can buy or sell shares that pay out a certain amount of money if and only if a certain event happens in the purposefuture.

The price of making predictions. Assets are created whose final cash value is tied tosuch a particular event or parameter. The current market pricesshare can then be interpreted as predictions of the probability ofthat that event will happen, based on the event or the expected value of the parameter. Prediction markets are thus structured as betting exchanges, without any risk for the bookmaker. Robin Hanson was the first to run a corporate prediction market - at Project Xanadu -, and has made several contributionsinformation available to the field such as: conditional predictions, accuracy issues and market and media manipulation.traders.

People who buy low and sell high are rewarded for improving the market prediction, while those who buy high and sell low are punished for degrading the market prediction. Evidence so far suggests that prediction markets are at least as accurate as other institutions predicting the same events with a similar pool of participants.

Predictions markets have been used by organizations such as Google, General Electric, and Microsoft; several online and commercial prediction markets are also in operation. Historically, prediction markets have often been used to predict election outcomes.

See also

Blog posts

External links

Prediction markets are speculative markets created for the purpose of making predictions. Assets are created whose final cash value is tied to a particular event or parameter. The current market prices can then be interpreted as predictions of the probability of the event or the expected value of the parameter. Prediction markets are thus structured as betting exchanges, without any risk for the bookmaker. Robin Hanson was the first to run a corporate prediction market - at Project Xanadu -, and has made several contributions to the field such as: conditional predictions, accuracy issues and market and media manipulation. He has made many prediction markets given the development of technology, particularly AGI.

Prediction markets are speculative markets created for the purpose of making predictions. Assets are created whose final cash value is tied to a particular event or parameter. The current market prices can then be interpreted as predictions of the probability of the event or the expected value of the parameter. Prediction markets are thus structured as betting exchanges, without any risk for the bookmaker. Robin Hanson was the first to run a corporate prediction market - at Project Xanadu -, and has made several contributions to the field such as: conditional predictions, accuracy issues and market and media manipulation. He has made many predicationprediction markets given the development of technology, particularly AGI.

Prediction markets are speculative markets created for the purpose of making predictions. Assets are created whose final cash value is tied to a particular event or parameter. The current market prices can then be interpreted as predictions of the probability of the event or the expected value of the parameter. Prediction markets are thus structured as betting exchanges, without any risk for the bookmaker. Robin Hanson was the first to run a corporate prediction market - at Project Xanadu -, and has made several contributions to the field such as: conditional predictions, accuracy issues and market and media manipulation. He has made many predication markets given the development of technology,technology, particularly AGI.

Prediction markets are speculative markets created for the purpose of making predictions. Assets are created whose final cash value is tied to a particular event or parameter. The current market prices can then be interpreted as predictions of the probability of the event or the expected value of the parameter. Prediction markets are thus structured as betting exchanges, without any risk for the bookmaker. Robin Hanson was the first to run a corporate prediction market - at Project Xanadu -, and has suggestedmade several contributions to the field such as: conditional predictions, accuracy issues and market and media manipulation. He has made many innovative additions to predictionspredication markets such as conditional predictions.given the development of technology, particularly AGI.

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