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Predictocracy : Market Mechanisms for Public and Private Decision Making (Hardcover)

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Product Overview

Predicting the future is serious business for virtually all public and private institutions, for they must often make important decisions based on such predictions. This visionary book explores how institutions from legislatures to corporations might improve their predictions and arrive at better decisions by means of prediction markets, a promising new tool with virtually unlimited potential applications. Michael Abramowicz explains how prediction markets work; why they accurately forecast elections, sports contests, and other events; and how they may even advance the ideals of our system of republican government. He also explores the ways in which prediction markets address common problems related to institutional decision making. Throughout the book the author extends current thinking about prediction markets and offers imaginative proposals for their use in an array of settings and situations.

Specifications

Publisher Yale Univ Pr
Mfg Part# 9780300115994
SKU 204469213
Format Hardcover
ISBN10 0300115997
Release Date 1/30/2008
Product Attributes
eBooks Kobo
Book Format Hardcover
Number of Pages 0346
Publisher Yale University Press
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