August 2011
Beginner
560 pages
20h 10m
English
book
Handbook of Sports and Lottery Markets
by Donald B. Hausch, W.T. Ziemba, G. Constantinides, H.M Markowitz, R.C. Merton, S.C. Myers, P.A. Samuelson, W.F. Sharpe, Kenneth J. Arrow
Content preview from Handbook of Sports and Lottery Markets
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CHAPTER 18
Prediction Markets: From Politics to
Business (and Back)
Erik Snowberg
Division of Humanities and Social Sciences, California Institute of Technology, Pasadena, CA, USA.
Justin Wolfers
The Wharton School, University of Pennsylvania, Philadelphia, PA, USA.
Eric Zitzewitz
Dartmouth College, Hanover, NH, USA.
1. Overview 386
2. The First Prediction Markets 388
3. Markets in the Lab 391
4. Current Uses of Prediction Markets: Business and Policy 393
5. Future Directions: Decision Markets 397
6. Potential Pitfalls 398
7. Conclusion 400
References 401
HANDBOOK OF SPORTS AND LOTTERY MARKETS
Copyright
c
2008, Elsevier B.V. All rights reserved.
385
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