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Prediction Markets as an Example of Crowdsourcing

Author

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  • Michal Grela

    (Faculty of Economic Sciences and Management, Nicolaus Copernicus University)

Abstract

The aim of of this article is present the idea of crowdsourcing by defining this phenomenon and to provide basic typology of crowdsourcing. In the next step, the author presents in detail the prediction markets, which are a practical example of the implementation of the idea of crowdsourcing. The article is descriptive and systematizing knowledge of the prediction markets.

Suggested Citation

  • Michal Grela, 2014. "Prediction Markets as an Example of Crowdsourcing," Acta Universitatis Nicolai Copernici, Ekonomia, Uniwersytet Mikolaja Kopernika, vol. 45(2), pages 205-217.
    • Handle: RePEc:cpn:umkanc:2014:p:205-217
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    More about this item

    Keywords

    prediction markets; crowdsourcing;

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • D79 - Microeconomics - - Analysis of Collective Decision-Making - - - Other

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