Prediction Market Resources

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Prediction Market Resources

This Squidoo lens has been created specifically to focus on resources available to anyone looking for more information on prediction markets.  It includes books, papers, and links to help you understand prediction markets and potentially to get you started with your own market.

This page is very much a work in progressPlease add your favourite books, links, and comments to help others better understand the concept and industry of prediction markets. 

Prediction Market materials at Amazon.com

Books and other materials that could be helpful in your prediction market research, all from Amazon.com. Submit your favourite prediction market related books to add to this list!

The Wisdom of Crowds by James Surowiecki

The Wisdom of Crowds by James Surowiecki

The most fascinating text written till today on th more...1 point

Information Markets: A New Way of Making Decisions by Robert Hahn

Information Markets: A New Way of Making Decisions by Robert Hahn

This book is about prediction markets only, and is more...0 points

Reinventing the Bazaar: A Natural History of Markets by John McMillan

Reinventing the Bazaar: A Natural History of Markets by John McMillan

I highly recommend this book as a background to ho more...0 points

Infotopia: How Many Minds Produce Knowledge by Cass R. Sunstein

Infotopia: How Many Minds Produce Knowledge by Cass R. Sunstein

A good book by Cass Susstein with a great section more...0 points

Key Prediction Market academic articles

Prediction Markets
by Justin Wolfers and Eric Zitzewitz. A great foundation in the topic.
Prediction Markets: Does Money Matter?
by Justin Wolfers, Emile Servan-Schreiber, David Pennock and Brian Galebach. This begins to answer the question about the effectiveness of play-money prediction markets. In short: they work.
Sales Forecasting at HP
by Kay-Yut Chen and Charles Plott. A good paper describing a very small-scale implementation of a prediction market to forecast product sales. It determined that the market predicted better than the standard method at HP.
Combinatorial Information Market Design
by Robin Hanson. This is the paper where he lays out his Market Scoring Rule mechanism for prediction markets, which allow for greater liquidity while keeping the key advantages of a standard CDA market.
A Dynamic PariMutual Market
by David Pennock. A description of his new market mechanism that allows for greater liquidity while still keeping the key advantages of a standard CDA market.
Prediction Markets as Decision Support Systems
by Joyce Berg and Thomas Rietz. A good overview of the setup and results of the Iowa Electronic Markets.
Explaining the Favorite-Longshot Bias
by Erik Snowberg and Justin Wolfers. A lot of great information and data if you're interested in the "Longshot Bias."
Predicting the Future
by Kay-Yut Chen, Leslie R. Fine and Bernardo A. Huberman. This paper outlines the latest HP innovation in prediction markets, which measures each person's risk profile and integrates that with their trading.

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All of the latest posts from Chris Masse at MidasOracle.org.
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Prediction Market News from Google

All of the news about prediction markets that Google can find. This list is updated every six hours.
New Role for Prediction Markets: Guessing Kardashian Plans
The underlying mechanism of the site is a prediction market that works much like a stock market, except...
Obama likely to win 2012 election with 303 electoral votes
But the data--based on a prediction engine created by Yahoo! scientists--suggest a second term is likely...
China set to become biggest gold market
By Jack Farchy in London China is set to overtake India this year as the world's largest consumer...
Analyst ranks chip markets by 2012 growth prediction
LONDON ? With numerous changes from 2011, some 27 IC product areas out of 33 defined by the World Semiconductor...

Prediction Market blog posts from Google

All the prediction market blog posts that Google can find will be shown here. It updates every six hours.
New Role for Prediction Markets: Guessing Kardashian Plans
The underlying mechanism of the site is a prediction market that works much like a stock market, except...
Obama likely to win 2012 election with 303 electoral votes
But the data--based on a prediction engine created by Yahoo! scientists--suggest a second term is likely...
China set to become biggest gold market
By Jack Farchy in London China is set to overtake India this year as the world's largest consumer...
Analyst ranks chip markets by 2012 growth prediction
LONDON ? With numerous changes from 2011, some 27 IC product areas out of 33 defined by the World Semiconductor...

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jed-christiansen

Jed Christiansen is the Managing Director of Mercury Research and Consulting Ltd.

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