£52.99

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£53 today · usual range £50–£55 · best ever £50

Routledge Prediction Markets: Theory and Applications (Routledge International Studies in Money and Banking)

Amazon

Price History & Forecast

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Last 48 days · 48 data points (no recent data)

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£54.99 £49.49 £50.69 £51.89 £53.09 £54.29 £55.49 26 July 2026 06 August 2026 18 August 2026 30 August 2026 11 September 2026
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Price Distribution

Price distribution over 48 days • 4 price levels

Days at Price
Current Price
33 days 9 days 1 day · current 5 days 0 8 17 25 33 £50 £52 £53 £55 Days at Price

Price Analysis

Most common price: £50 (33 days, 68.8%)

Price range: £50 - £55

Price levels: 4 different prices over 48 days

Description

How can we effectively aggregate disparate pieces of information that are spread among many different individuals? In other words, how does one best access the ‘wisdom of the crowd’? Prediction markets, which are essentially speculative markets created for the purpose of aggregating information and making predictions, offer the answer to this question. The effective use of these markets has the potential not only to help forecast future events on a national and international level, but also to assist companies in providing, for example, improved estimates of the potential market size for a new product idea or the launch date of new products and services. The markets have already been used to forecast uncertain outcomes ranging from influenza outbreaks to the spread of other infectious diseases, to the demand for hospital services, to the box office success of movies, climate change, vote shares and election outcomes, to the probability of meeting project deadlines. The insights gained also have many potentially valuable applications for public policy more generally. These markets offer substantial promise as a tool of information aggregation as well as forecasting, whether alone or as a supplement to other mechanisms like surveys, group deliberations, and expert opinion. Moreover, they can be applied at a macroeconomic and microeconomic level to yield information that is valuable for government and commercial policy-makers and which can be used for a number of social purposes. This volume of original readings, contributed by many of the leading experts in the field, marks a significant addition to the base of knowledge about this fascinating subject area. The book should appeal to all those with an interest in economics, forecasting or public policy, and in particular those with an interest in the study of money, investment and risk.

Product Specifications

Format
paperback
Domain
Amazon UK
Release Date
20 June 2014
Listed Since
22 March 2014

Barcode

No barcode data available

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