Predictocracy: Market Mechanisms for Public and Private Decision Making

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Predicting the future is serious business for virtually all public and private institutions, for they must often make important decisions based on such predictions. This visionary book explores how institutions from legislatures to corporations might improve their predictions and arrive at better decisions by means of prediction markets, a promising new tool with virtually unlimited potential applications. Michael Abramowicz explains how prediction markets work; why they accurately forecast elections, sports contests, and ...

Predictocracy: Market Mechanisms for Public and Private Decision Making 2008, Yale University Press, New Haven, CT

ISBN-13: 9780300115994

Hardcover

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