Outcome manipulation in corporate prediction markets

Marco Ottaviani; Peter Norman Sørensen

doi:10.1162/jeea.2007.5.2-3.554

Outcome manipulation in corporate prediction markets

Marco Ottaviani, Peter Norman Sørensen

Department of Economics

24 Citations (Scopus)

Abstract

This paper presents a framework for applying prediction markets to corporate decision-making. The analysis is motivated by the recent surge of interest in markets as information aggregation devices and their potential use within firms. We characterize the amount of outcome manipulation that results in equilibrium and the impact of this manipulation on market prices

Original language	English
Journal	Journal of the European Economic Association
Volume	5
Issue number	2-3
Pages (from-to)	554-563
ISSN	1542-4766
DOIs	https://doi.org/10.1162/jeea.2007.5.2-3.554
Publication status	Published - 2007

Keywords

Faculty of Social Sciences
predictions
information aggregation
forecasting
incentives

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10.1162/jeea.2007.5.2-3.554

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title = "Outcome manipulation in corporate prediction markets",

abstract = "This paper presents a framework for applying prediction markets to corporate decision-making. The analysis is motivated by the recent surge of interest in markets as information aggregation devices and their potential use within firms. We characterize the amount of outcome manipulation that results in equilibrium and the impact of this manipulation on market prices",

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KW - Faculty of Social Sciences

KW - predictions

KW - information aggregation

KW - forecasting

KW - incentives

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DO - 10.1162/jeea.2007.5.2-3.554

M3 - Journal article

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EP - 563

JO - Journal of the European Economic Association

JF - Journal of the European Economic Association

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ER -

Outcome manipulation in corporate prediction markets

Abstract

Keywords

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