Waldemar Stronka, scientific advisor to Analyx on the topic of Prediction Markets, presented some of his intriguing research on Prediction Markets at the Nottingham Symposium on Gambling, Prediction Markets and Public Policy of the Southern Economic Journal.
This time Waldemar discussed his vision of highly precise density forecasting mechanism involving the use of a price mechanism such as a Prediction Market. The proposed design has unique informational advantages. However, due to its theoretical nature it is set out as a theoretical benchmark for prediction markets – similar to the “perfect competition” of neocalissical Economics which serves as a pareto-optimal point of reference to benchmark real market outcomes with.
The presentation can be found here: Density forecasting through prediction markets. If you’re interested in discussing this or other Prediction Market topics and research with us, we’d be thrilled to share our thoughts with you.
