Dr. Dobb's | Prediction Market's Big Bluff

Prediction Market's Big Bluff

Prediction markets go by a number of names -- information markets, decision markets, idea futures, event derivatives, virtual markets, and the like. But by whatever name, the idea is more or less the same -- you "bet" on the outcome of an event or market trends with the goal of aggregating information, not necessarily making money. (In most cases, participants use fake money, although with others like the Iowa Electronic Markets you can bet small amounts of real money.)

July 17, 2008
URL:http://www.drdobbs.com/architecture-and-design/prediction-markets-big-bluff/228700861