2011 Fiscal Year Final Research Report
Prediction Markets and Economic Decision Making
| Project/Area Number |
21530267
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic policy
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| Research Institution | Nagoya City University |
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Principal Investigator |
KAWAI Katsuhiko 名古屋市立大学, 大学院・経済学研究科, 教授 (70278274)
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| Project Period (FY) |
2009 – 2011
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| Keywords | 予測 / 予測市場 / 市場モデル |
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| Research Abstract |
This research studies how we can make use of prediction markets for companies' decision-making. Prediction market is a tool, in which we buy and sell the securities for future events. More specifically, we trade the idea securities in, what we call, preference markets and idea markets. The experiments are carried out to confirm their effectiveness, using an open source prediction-market software modified for the Japanese students. In addition, we adopted the micro-blogging as a platform to generate ideas, and conducted a field experiment in a medium-sized enterprise
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