An experimental analysis of information acquisition in prediction markets

DOI10.1016/J.GEB.2015.11.002zbMATH Open1393.91109OpenAlexW3121737740MaRDI QIDQ523034FDOQ523034

Authors: Lionel Page, Christoph Siemroth 

Publication date: 20 April 2017

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://eprints.qut.edu.au/91111/1/91111.pdf

Recommendations

• Naive traders and mispricing in prediction markets
• Far from the madding crowd: collective wisdom in prediction markets
• Prediction markets: alternative mechanisms for complex environments with few traders
• Information percolation in segmented markets
• The time cost of information in financial markets

zbMATH Keywords

asymmetric informationinformation acquisitionprediction marketsexperimental asset markets

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental studies (91A90) Economics of information (91B44)

Cites Work

• Strategy and dynamics in contests
• Information, trade and common knowledge
• Experimental comparison of multi-stage and one-stage contests
• Boys will be boys: Gender, overconfidence, and common stock investment
• No trade
• Prediction markets: alternative mechanisms for complex environments with few traders
• No-trade in the laboratory
• Market for Information: Experimental Evidence

Cited In (5)

• Does free information provision crowd out costly information acquisition? It's a matter of timing
• Information acquisition and expected returns: evidence from EDGAR search traffic
• Prediction markets: alternative mechanisms for complex environments with few traders
• PREDICTING UNCERTAIN OUTCOMES USING INFORMATION MARKETS: TRADER BEHAVIOR AND INFORMATION AGGREGATION
• Information acquisition and provision in school choice: an experimental study

Uses Software

• Z-Tree

This page was built for publication: An experimental analysis of information acquisition in prediction markets

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q523034)