TY  - JOUR
AU  - Wolfers,Justin
AU  - Zitzewitz,Eric
TI  - Five Open Questions About Prediction Markets
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 12060
PY  - 2006
Y2  - February 2006
UR  - http://www.nber.org/papers/w12060
L1  - http://www.nber.org/papers/w12060.pdf
N1  - Author contact info:
Justin Wolfers
Business and Public Policy Department
Wharton School, University of Pennsylvania
3620 Locust Walk
Room 1456 Steinberg-Deitrich Hall
Philadelphia, PA 19104-6372
Tel: (215) 898-3013
Fax: (215) 898-7635
E-Mail: jwolfers@wharton.upenn.edu

Eric Zitzewitz
Department of Economics
Dartmouth College
6106 Rockefeller Hall
Hanover, NH 03755
Tel: 603/646-2891
Fax: 603/646-2122
E-Mail: eric.zitzewitz@dartmouth.edu
AB  - Interest in prediction markets has increased in the last decade, driven in part by the hope that these markets will prove to be valuable tools in forecasting, decision-making and risk management -- in both the public and private sectors. This paper outlines five open questions in the literature, and we argue that resolving these questions is crucial to determining whether current optimism about prediction markets will be realized.
ER  -