Statements (51)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:market
|
| gptkbp:alsoKnownAs |
gptkb:Prediction_Markets
|
| gptkbp:benefit |
Efficient aggregation of dispersed information
Improved forecasting accuracy Incentivizes truthful reporting |
| gptkbp:criticizedFor |
Potential for manipulation
Gambling associations Legal and ethical concerns |
| gptkbp:example |
gptkb:Hollywood_Stock_Exchange
gptkb:Intrade gptkb:Iowa_Electronic_Markets gptkb:PredictIt |
| gptkbp:feature |
Can be centralized or decentralized
Can be continuous or event-based Can be implemented online Can be manipulated Can be real-money or play-money Can be subject to legal restrictions Can be used for internal company predictions Can be used for public event predictions Can improve accuracy over individual experts Participants buy and sell contracts Prices reflect collective beliefs Used in corporate settings Used in election forecasting Used in public policy Used in scientific forecasting Used in sports forecasting |
| https://www.w3.org/2000/01/rdf-schema#label |
Information Markets
|
| gptkbp:limitation |
Legal restrictions in some jurisdictions
May not work for all types of questions Potential for collusion Susceptible to low liquidity |
| gptkbp:notableFigure |
gptkb:Robin_Hanson
gptkb:James_Surowiecki gptkb:Justin_Wolfers |
| gptkbp:originatedIn |
Late 20th century
|
| gptkbp:regulates |
gptkb:Commodity_Futures_Trading_Commission_(CFTC)
gptkb:Securities_and_Exchange_Commission_(SEC) |
| gptkbp:relatedTo |
Crowdsourcing
Betting markets Futures markets Wisdom of the crowd |
| gptkbp:studiedBy |
Economists
Policymakers Computer scientists |
| gptkbp:usedFor |
Decision making
Aggregating information Forecasting events |
| gptkbp:bfsParent |
gptkb:Prediction_Markets
|
| gptkbp:bfsLayer |
7
|