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Internal corporate prediction markets: “From each according to his bet”

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  • O'Leary, Daniel E.

Abstract

Experimental markets (e.g., Iowa Experimental Markets) have been successful at capturing market price predictions of future events, such as who will win the U.S. Presidential election. As a result, prediction markets have been moved to corporations, in the form of internal corporate prediction markets, where participants bet on the occurrence of events of interest to the corporation. Corporations have used prediction markets for a number of different types of applications including project management, investment choice, forecasting sales, and others. Accordingly, prediction markets are an important emerging technology that can find use in these and other areas of applications.

Suggested Citation

  • O'Leary, Daniel E., 2013. "Internal corporate prediction markets: “From each according to his bet”," International Journal of Accounting Information Systems, Elsevier, vol. 14(2), pages 89-103.
    • Handle: RePEc:eee:ijoais:v:14:y:2013:i:2:p:89-103
    DOI: 10.1016/j.accinf.2012.02.003
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    References listed on IDEAS

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    1. Joyce E. Berg & Thomas A. Rietz, 2003. "Prediction Markets as Decision Support Systems," Information Systems Frontiers, Springer, vol. 5(1), pages 79-93, January.
    2. Scott E. Page, 2007. "Prologue to The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies," Introductory Chapters, in: The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies, Princeton University Press.
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