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Tag Archives: future events
Prediction Market Definition —updated
Definition – A prediction market is a market for a contract that yields payments based on the outcome of a partially uncertain future event, such as an election. A contract pays $100 only if candidate X wins the election, and … Continue reading →
Posted in Analysis (Meta), Explainers, Forecasting (Science & Practice)
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Tagged accuracy, betting markets, definitions, event derivative, event derivative markets, event derivatives, Explainers, Forecasting (Science & Practice), forecasting mechanisms, future events, Information Aggregation, information value, objective probabilistic predictions, prediction accuracy, prediction market, prediction market definition, prediction market explainer, prediction markets, Predictions, probabilistic predictions, Robin Hanson, the future
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