Matches in SemOpenAlex for { <https://semopenalex.org/work/W1500236012> ?p ?o ?g. }
- W1500236012 endingPage "91" @default.
- W1500236012 startingPage "71" @default.
- W1500236012 abstract "While prediction markets have become increasingly popular to forecast the near-term future, the literature provides little evidence on how they perform for long-term problems. For assessing the long-term, decision-makers traditionally rely on experts, although empirical research disputes the value of expert advice. Reporting on findings from a field experiment in which we implemented two prediction markets in parallel to a Delphi study, this paper addresses two questions. First, we analyze the applicability of prediction markets for long-term problems whose outcome cannot be judged for a long time. Second, by comparing trading behavior of an expert and a student market, we analyze whether there is evidence that supports the assumption that experts possess superior knowledge. Our results show that prediction markets provide similar results as the well-established Delphi method. We conclude that prediction markets appear to be applicable for long-term forecasting. Furthermore, we observe differences in the confidence of experts and non-experts. Our findings indicate that, in contrast to students, experts reveal their information well-considered based on what they think they know. Finally, we discuss how such analyses of market participants’ confidence provide valuable information to decision-makers and may be used to improve on traditional forecasting methods." @default.
- W1500236012 created "2016-06-24" @default.
- W1500236012 creator A5003968744 @default.
- W1500236012 creator A5021007726 @default.
- W1500236012 date "2012-12-14" @default.
- W1500236012 modified "2023-10-15" @default.
- W1500236012 title "LONG-TERM FORECASTING WITH PREDICTION MARKETS – A FIELD EXPERIMENT ON APPLICABILITY AND EXPERT CONFIDENCE" @default.
- W1500236012 cites W1535228543 @default.
- W1500236012 cites W1561551758 @default.
- W1500236012 cites W1562951788 @default.
- W1500236012 cites W1605255363 @default.
- W1500236012 cites W1971555055 @default.
- W1500236012 cites W1972265965 @default.
- W1500236012 cites W1984606044 @default.
- W1500236012 cites W2030364704 @default.
- W1500236012 cites W2033358137 @default.
- W1500236012 cites W2036229720 @default.
- W1500236012 cites W2038728264 @default.
- W1500236012 cites W2044529823 @default.
- W1500236012 cites W2090372154 @default.
- W1500236012 cites W2102546791 @default.
- W1500236012 cites W2120832833 @default.
- W1500236012 cites W2129954861 @default.
- W1500236012 cites W2137384635 @default.
- W1500236012 cites W2147042673 @default.
- W1500236012 cites W2150755997 @default.
- W1500236012 cites W2165863233 @default.
- W1500236012 cites W2330204920 @default.
- W1500236012 cites W2890964812 @default.
- W1500236012 cites W3123768050 @default.
- W1500236012 cites W3124407812 @default.
- W1500236012 cites W3124620626 @default.
- W1500236012 cites W3124939996 @default.
- W1500236012 cites W3125920564 @default.
- W1500236012 cites W2182118126 @default.
- W1500236012 doi "https://doi.org/10.5750/jpm.v2i2.442" @default.
- W1500236012 hasPublicationYear "2012" @default.
- W1500236012 type Work @default.
- W1500236012 sameAs 1500236012 @default.
- W1500236012 citedByCount "15" @default.
- W1500236012 countsByYear W15002360122012 @default.
- W1500236012 countsByYear W15002360122013 @default.
- W1500236012 countsByYear W15002360122014 @default.
- W1500236012 countsByYear W15002360122015 @default.
- W1500236012 countsByYear W15002360122016 @default.
- W1500236012 countsByYear W15002360122018 @default.
- W1500236012 countsByYear W15002360122020 @default.
- W1500236012 crossrefType "journal-article" @default.
- W1500236012 hasAuthorship W1500236012A5003968744 @default.
- W1500236012 hasAuthorship W1500236012A5021007726 @default.
- W1500236012 hasConcept C111472728 @default.
- W1500236012 hasConcept C111919701 @default.
- W1500236012 hasConcept C121332964 @default.
- W1500236012 hasConcept C138885662 @default.
- W1500236012 hasConcept C149782125 @default.
- W1500236012 hasConcept C154945302 @default.
- W1500236012 hasConcept C162118730 @default.
- W1500236012 hasConcept C162324750 @default.
- W1500236012 hasConcept C166052673 @default.
- W1500236012 hasConcept C202444582 @default.
- W1500236012 hasConcept C2522767166 @default.
- W1500236012 hasConcept C2776502983 @default.
- W1500236012 hasConcept C2779495148 @default.
- W1500236012 hasConcept C2780021719 @default.
- W1500236012 hasConcept C33923547 @default.
- W1500236012 hasConcept C41008148 @default.
- W1500236012 hasConcept C60641444 @default.
- W1500236012 hasConcept C61797465 @default.
- W1500236012 hasConcept C62520636 @default.
- W1500236012 hasConcept C9652623 @default.
- W1500236012 hasConceptScore W1500236012C111472728 @default.
- W1500236012 hasConceptScore W1500236012C111919701 @default.
- W1500236012 hasConceptScore W1500236012C121332964 @default.
- W1500236012 hasConceptScore W1500236012C138885662 @default.
- W1500236012 hasConceptScore W1500236012C149782125 @default.
- W1500236012 hasConceptScore W1500236012C154945302 @default.
- W1500236012 hasConceptScore W1500236012C162118730 @default.
- W1500236012 hasConceptScore W1500236012C162324750 @default.
- W1500236012 hasConceptScore W1500236012C166052673 @default.
- W1500236012 hasConceptScore W1500236012C202444582 @default.
- W1500236012 hasConceptScore W1500236012C2522767166 @default.
- W1500236012 hasConceptScore W1500236012C2776502983 @default.
- W1500236012 hasConceptScore W1500236012C2779495148 @default.
- W1500236012 hasConceptScore W1500236012C2780021719 @default.
- W1500236012 hasConceptScore W1500236012C33923547 @default.
- W1500236012 hasConceptScore W1500236012C41008148 @default.
- W1500236012 hasConceptScore W1500236012C60641444 @default.
- W1500236012 hasConceptScore W1500236012C61797465 @default.
- W1500236012 hasConceptScore W1500236012C62520636 @default.
- W1500236012 hasConceptScore W1500236012C9652623 @default.
- W1500236012 hasIssue "2" @default.
- W1500236012 hasLocation W15002360121 @default.
- W1500236012 hasOpenAccess W1500236012 @default.
- W1500236012 hasPrimaryLocation W15002360121 @default.
- W1500236012 hasRelatedWork W1573061253 @default.
- W1500236012 hasRelatedWork W1965155071 @default.
- W1500236012 hasRelatedWork W1969884608 @default.
- W1500236012 hasRelatedWork W2001765788 @default.