Academic Articles About Crowdsourced Forecasting
Corporate Prediction Markets
- Cowgill, Bo & Zitzewitz, Eric. (2015). Corporate Prediction Markets: Evidence from Google, Ford, and Firm
X. Rev Econ Stud 2015, 82(4), 1309-1341. doi: 10.1093/restud/rdv014
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Cowgill, Bo, Wolfers, Justin, &
Zitzewitz, Eric. (2009, January). "Using
Prediction Markets to Track Information Flows: Evidence from
Google" - PDF file.
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O’Leary D.E. (2014). "Analysis
of Data from a Corporate Prediction Market" - PDF file.
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Pandey. Pankaj & Snekkenes, Einar A. (2014, September). Applicability
of Prediction Markets in Information Security Risk Management.
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Wolfram, Thomas. (2015). Have Corporate
Prediction Markets Had Their Heyday?
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Horn, Christian F. & Ivens, Bjorn S. (2015). Corporate
Prediction Markets for Innovation Management - PDF file.
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Cipriano, Michael & Gruca, Thomas S. (2014). The Power of
Priors: How Confirmation Bias Impacts Market Prices.
U.S. Government Research Results
- Laskey, Kathryn & Hanson, Robin & Twardy, Charles. (2015). Combinatorial Prediction Markets for Fusing Information from Distributed Experts and Models.
- To access research on IARPA's Aggregative Contingent Estimation (ACE) Program, visit the Google Scholar link.
Other Research
- Abramowicz, Michael. (2008). Predictocracy:
Market Mechanisms for Public and Private Decision Making, Yale University
Press.
- Atanasov, P., Witkowski, J., Ungar, L., Mellers, B. & Tetlock, P. (2020). Small steps to accuracy: Incremental belief updaters are better forecasters, Organizational Behavior and Human Decision Processes, 160, 19-35. https://doi.org/10.1016/j.obhdp.2020.02.001
- Bell, Tom W. (2006). Prediction
Markets For Promoting the Progress of Science and the Useful Arts - PDF
file - George Mason Law Review (14 Geo. Mason L. Rev 37)
- Berg, Joyce E., & Thomas A. Rietz. (2005, January). The Iowa Electronic Market: Lessons Learned and Answers
Yearned - PDF file.
- Dreber, A., Pfeiffer, T., Almenberg, J. et al. (2015). Using prediction markets to estimate the reproducibility of scientific research, PNAS, 112(50), 15343-15347. https://doi.org/10.1073/pnas.1516179112
- Friedman, J., Baker, J., Mellers, B., Tetlock, P. & Zeckhauser, R. (2018). The Value of Precision in Probability Assessment: Evidence from a Large-Scale Geopolitical Forecasting Tournament, International Studies Quarterly, 62(2), 410-422. https://doi.org/10.1093/isq/sqx078
- Gjerstad, Steven. (2005). Risk Aversion, Beliefs, and Prediction Market
Equilibrium, University of Arizona Working Paper 04-17.
- Graefe, A. & Armstrong, J.S. (2011). Comparing face-to-face meetings, nominal groups, Delphi and
prediction markets on an estimation task, International Journal of
Forecasting, 27(1), 183-195.
- Gruca, Thomas S., Berg, Joyce E. & Cipriano, Michael. (2005). Consensus and Differences of Opinion in Electronic
Prediction Markets, Electronic Markets, 15(1),
13-22. doi:10.1080/10196780500034939
- Hanson, Robin. (2005, May 5). The Informed Press
Favored the Policy Analysis Market - PDF file.
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The Journal of Prediction
Markets
- Manski, Charles F. (2005, August). Interpreting the Predictions of Prediction Markets - PDF file. —Manski suggests that there needs to be a better theoretic
basis for interpreting market prices as probability, and provides a simple
model for this.
- Mellers, B., Tetlock, P., Baker, J. et al. (2019). Improving the Accuracy of Geopolitical Risk Assessments,The Future of Risk Management, 1-28.
- Munafo, M., Pfeiffer, T., Altmejd, A. et al. (2015). Using prediction markets to forecast research evaluations, Royal Society Open Science, 2(10). https://doi.org/10.1098/rsos.150287
- Rosenbloom, E. S. & Notz, William. (2006). Statistical Tests of Real-Money versus Play-Money
Prediction Markets, Electronic Markets, 16(1), 63-69. doi:10.1080/10196780500491303
- Rothschild, David. (2009). Forecasting
Elections: Comparing Prediction Markets, Polls, and their Biases, Public Opinion Quarterly, 73(5), 895-916.
- Servan-Schreiber, E., Wolfers, J., Pennock, D. &
Galebach, B. (2004). Prediction Markets: Does Money
Matter? Electronic Markets, 14(3),
243-251. doi:10.1080/1019678042000245254
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Simoiu, C., Sumanth, C. et al. (AAAI 2020). Studying the "Wisdom of Crowds" at Scale in Proceedings of the 7th AAAI Conference on Human Computation and Crowdsourcing.
- Spann, Martin & Skiera, Bernd. "Internet-Based Virtual Stock Markets for Business
Forecasting" - PDF file - Discusses theory, design options and
presents empirical comparisons on forecasting accuracy of prediction
markets.
- Storkey, A.J. (2011). Machine Learning Markets, Journal of Machine Learning
Research C&WP 15:AISTATS.
- Storkey A.J., Millin, J., Geras, K. (2012). Isoelastic agents and wealth
updates in machine learning markets - International Conference in Machine
Learning.
- Surowiecki, James. (2004). The
Wisdom of Crowds. Doubleday.
- Tetlock, Philip E. & Gardner, Dan. (2015). Superforecasting: The Art and Science of Prediction. Broadway Books.
- Tetlock, P., Mellers, B. & Scoblic, J.P. (2017). Bringing probability judgments into policy debates via forecasting tournaments, Science, 355(6324), 481-483. doi: 10.1126/science.aal3147
- Watkins, Jennifer H. (2007, April 25-29). Prediction Markets as an Aggregation Mechanism for Collective
Intelligence - Proceedings of 2007 UCLA Lake Arrowhead Human Complex
Systems Conference, Lake Arrowhead, CA, United States.
- Wolfers, Justin, & Eric Zitzewitz. (2004, May). Prediction Markets - PDF file.
- Wolfers, Justin, & Eric Zitzewitz. (2007, January 8). Interpreting Prediction Market Prices as
Probabilities Draft version - Expands on the work of Manski,
providing a more general model wherein it is somewhat rational to interpret
market prices as probabilities.
- Weijers, D. & Richardson, J. (2014). Is the repugnance about betting on terrorist attacks
misguided? Ethics and Information Technology,16, 251-262.
- Weijers, D. & Richardson, J. (2014). A Moral Analysis of Effective Prediction Markets on
Terrorism, International Journal of Technoethics, 5(1).
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