The Promise of Prediction Markets

Author:

Arrow Kenneth J.1,Forsythe Robert2,Gorham Michael3,Hahn Robert4,Hanson Robin5,Ledyard John O.6,Levmore Saul7,Litan Robert8,Milgrom Paul1,Nelson Forrest D.9,Neumann George R.9,Ottaviani Marco10,Schelling Thomas C.11,Shiller Robert J.12,Smith Vernon L.13,Snowberg Erik14,Sunstein Cass R.7,Tetlock Paul C.15,Tetlock Philip E.16,Varian Hal R.17,Wolfers Justin18,Zitzewitz Eric19

Affiliation:

1. Department of Economics, Stanford University, Stanford, CA 94305, USA

2. College of Business, University of South Florida, Tampa, FL 33620, USA

3. Stuart School of Business, Illnois Institute of Technology, Chicago, IL 60661, USA

4. Reg-Markets Center at American Enterprise Institute, Washington, DC 20036, USA

5. Department of Economics, George Mason University, Fairfax, VA 22030, USA

6. Department of Economics, California Institute of Technology, Pasadena, CA 91125, USA

7. University of Chicago Law School, Chicago, IL 60637, USA

8. Kauffman Foundation, Kansas City, MO 64110, USA

9. Department of Economics, University of Iowa, Iowa City, IA 52242, USA

10. Kellogg Graduate School of Management, Northwestern University, Evanston, IL 60208, USA

11. School of Public Policy, University of Maryland, College Park, MD 20742, USA

12. Department of Economics, Yale University, New Haven, CT 06520, USA

13. Chapman University School of Law, Orange, CA 92866, USA

14. Graduate School of Business, Stanford University, Stanford, CA 94305, USA

15. Yale School of Management, New Haven, CT 06520, USA

16. Haas School of Business, University of California, Berkeley, CA 94720, USA

17. School of Information, University of California, Berkeley, CA 94720, USA

18. The Wharton School, University of Pennsylvania, Philadelphia, PA 19104, USA

19. Department of Economics, Dartmouth College, Hanover, NH 03755, USA

Publisher

American Association for the Advancement of Science (AAAS)

Subject

Multidisciplinary

Reference20 articles.

1. Berg J., Nelson F., Rietz T., Int. J. Forecast.in press.

2. Hanson R., IEEE Intell. Syst.14, 16 (1999).

3. Hahn R., Tetlock P., Harvard J. Law Pub. Pol.28, 213 (2005).

4. Sunstein C., Infotopia: How Many Minds Produce Knowledge (Oxford Univ. Press, New York, 2006).

5. Snowberg E., Wolfers J., Zitzewitz E., Q. J. Econ.122, 807 (2007).

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