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Document type:
Konferenzbeitrag 
Author(s):
Blohm, Ivo; Riedl, Christoph; Füller, Johann; Köroglu, Orhan; Leimeister, Jan Marco; Krcmar, Helmut 
Non-TUM Co-author(s):
ja 
Cooperation:
national 
Title:
The Effects of Prediction Market Design and Price Elasticity on Trading Performance of Users: An Experimental Analysis 
Abstract:
We employ a 2x3 factorial experiment to study two central factors in the design of prediction markets (PMs) for idea evaluation: the overall design of the PM, and the elasticity of market prices set by a market maker. The results show that 'multi-market designs' on which each contract is traded on a separate PM lead to significantly higher trading performance than 'single-markets' that handle all contracts one on PM. Price elasticity has no direct effect on trading performance, but a significant...    »
 
Intellectual Contribution:
Discipline-based Research 
Book / Congress title:
Collective Intelligence 2012 
Congress (additional information):
Cambridge, MA, USA 
Year:
2012 
Month:
Apr 
Key publication:
Nein 
Peer reviewed:
Ja 
International:
Ja 
Book review:
Nein 
Commissioned:
not commissioned 
Professional Journal:
Nein