Google's Prediction Markets - Revision history

Dorit.Geifman at 07:48, 27 May 2010

Dorit.Geifman — Thu, 27 May 2010 07:48:52 GMT

← Older revision		Revision as of 07:48, 27 May 2010
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	[[Category:Incomplete information]]		[[Category:Incomplete information]]
	[[Category:Initial capital endowment]]		[[Category:Initial capital endowment]]
		+	[[Category:Long duration]]
	[[Category:Markets]]		[[Category:Markets]]
	[[Category:Monetary reward]]		[[Category:Monetary reward]]

Dorit.Geifman at 10:03, 12 May 2010

Dorit.Geifman — Wed, 12 May 2010 10:03:09 GMT

← Older revision		Revision as of 10:03, 12 May 2010
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	Cowgill, B., Wolfers, J., & Zitzewitz, E. (2008). [http://www.bocowgill.com/GooglePredictionMarketPaper.pdf Using prediction markets to track information flows: Evidence from google]. ''Dartmouth College''		Cowgill, B., Wolfers, J., & Zitzewitz, E. (2008). [http://www.bocowgill.com/GooglePredictionMarketPaper.pdf Using prediction markets to track information flows: Evidence from google]. ''Dartmouth College''

-	[[Category:Business topics]	+	[[Category:Business topics]]
	[[Category:Continuous Double Auction (CDA)]]		[[Category:Continuous Double Auction (CDA)]]
	[[Category:Corporate]]		[[Category:Corporate]]

Dorit.Geifman at 10:02, 12 May 2010

Dorit.Geifman — Wed, 12 May 2010 10:02:35 GMT

← Older revision		Revision as of 10:02, 12 May 2010
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-	The main objective of ~~the~~ '''Google's Prediction Markets''' was to ''[[:Category:Predict\|predict]]'' ''[[:Category:Business topics\|corporate related]]'' events, while 30% of the markets were ''[[:Category:Current or recreation events\|"fun"]]'' markets. The marketplace was set up internally within the ''[[:category:Corporate\|corporation]]''. The average number of traders per market is not available, but roughly 1500 employees ~~place~~ at least one trade over the first two years of operation. The markets were open for a ''[[:Category:Long duration\|long duration]]'' (a calendar quarter). The marketplace employed the ''[[:Category:Continuous Double Auction (CDA)\|Continuous Double Auction (CDA)]]'' market model, and operated with ''[[:Category:Play-money\|play-money]]'' (Goobles). The traders received ''[[:Category:Initial capital endowment\|initial capital endowment]]'' and the final dividends were calculated based on a ''[[:Category:Winner-takes-all securities\|winner-takes-all]]'' model. ''[[:Category:Off-platform interaction\|Off-platform interaction]]'' was possible through casual meetings at company's premises.	+	The main objective of '''Google's Prediction Markets''' was to ''[[:Category:Predict\|predict]]'' ''[[:Category:Business topics\|corporate related]]'' events, while 30% of the markets were ''[[:Category:Current or recreation events\|"fun"]]'' markets. The marketplace was set up internally within the ''[[:category:Corporate\|corporation]]''. The average number of traders per market is not available, but roughly 1500 employees placed at least one trade over the first two years of its operation. The markets were open for a ''[[:Category:Long duration\|long duration]]'' (a calendar quarter). The marketplace employed the ''[[:Category:Continuous Double Auction (CDA)\|Continuous Double Auction (CDA)]]'' market model, and operated with ''[[:Category:Play-money\|play-money]]'' (Goobles). The traders received ''[[:Category:Initial capital endowment\|initial capital endowment]]'' and the final dividends were calculated based on a ''[[:Category:Winner-takes-all securities\|winner-takes-all]]'' model. ''[[:Category:Off-platform interaction\|Off-platform interaction]]'' was possible through casual meetings at company's premises.

	The markets were open to all employees and participation was ''[[:Category:Self-selected traders\|self-selected]]''. In most cases the participants had ''[[:Category:No-stake in outcome\|no stake]]'' in the outcome of the events and the information which was available to them was ''[[:Category:Incomplete information\|incomplete]]''. ''[[:Category:Monetary reward\|Monetary]]'' ''[[:Category:Gift reward\|prizes]]'' were drawn from lottery tickets which were distributed to participants according to their ''[[:Category:Performance incentive\|performance]]'', and trading in the markets attracted high ''[[:Category:Reputational reward\|visibility]]'' in the company.		The markets were open to all employees and participation was ''[[:Category:Self-selected traders\|self-selected]]''. In most cases the participants had ''[[:Category:No-stake in outcome\|no stake]]'' in the outcome of the events and the information which was available to them was ''[[:Category:Incomplete information\|incomplete]]''. ''[[:Category:Monetary reward\|Monetary]]'' ''[[:Category:Gift reward\|prizes]]'' were drawn from lottery tickets which were distributed to participants according to their ''[[:Category:Performance incentive\|performance]]'', and trading in the markets attracted high ''[[:Category:Reputational reward\|visibility]]'' in the company.

Dorit.Geifman at 10:00, 12 May 2010

Dorit.Geifman — Wed, 12 May 2010 10:00:14 GMT

← Older revision		Revision as of 10:00, 12 May 2010
Line 1:		Line 1:
		+	The main objective of the '''Google's Prediction Markets''' was to ''[[:Category:Predict\|predict]]'' ''[[:Category:Business topics\|corporate related]]'' events, while 30% of the markets were ''[[:Category:Current or recreation events\|"fun"]]'' markets. The marketplace was set up internally within the ''[[:category:Corporate\|corporation]]''. The average number of traders per market is not available, but roughly 1500 employees place at least one trade over the first two years of operation. The markets were open for a ''[[:Category:Long duration\|long duration]]'' (a calendar quarter). The marketplace employed the ''[[:Category:Continuous Double Auction (CDA)\|Continuous Double Auction (CDA)]]'' market model, and operated with ''[[:Category:Play-money\|play-money]]'' (Goobles). The traders received ''[[:Category:Initial capital endowment\|initial capital endowment]]'' and the final dividends were calculated based on a ''[[:Category:Winner-takes-all securities\|winner-takes-all]]'' model. ''[[:Category:Off-platform interaction\|Off-platform interaction]]'' was possible through casual meetings at company's premises.
		+
		+	The markets were open to all employees and participation was ''[[:Category:Self-selected traders\|self-selected]]''. In most cases the participants had ''[[:Category:No-stake in outcome\|no stake]]'' in the outcome of the events and the information which was available to them was ''[[:Category:Incomplete information\|incomplete]]''. ''[[:Category:Monetary reward\|Monetary]]'' ''[[:Category:Gift reward\|prizes]]'' were drawn from lottery tickets which were distributed to participants according to their ''[[:Category:Performance incentive\|performance]]'', and trading in the markets attracted high ''[[:Category:Reputational reward\|visibility]]'' in the company.
		+
	== Discussion ==		== Discussion ==

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	[[Category:Incomplete information]]		[[Category:Incomplete information]]
	[[Category:Initial capital endowment]]		[[Category:Initial capital endowment]]
-	[[Category:~~Large markets]]~~	+	[[Category:Markets]]
-	~~[[Category:Long duration~~]]	+
	[[Category:Monetary reward]]		[[Category:Monetary reward]]
	[[Category:No-stake in outcome]]		[[Category:No-stake in outcome]]

Dorit.Geifman: Created page with '== Discussion == == References == Cowgill, B., Wolfers, J., & Zitzewitz, E. (2008). [http://www.bocowgill.com/GooglePredictionMarketPaper.pdf Using prediction markets to track i…'

Dorit.Geifman — Sun, 09 May 2010 12:25:35 GMT

Created page with '== Discussion == == References == Cowgill, B., Wolfers, J., & Zitzewitz, E. (2008). [http://www.bocowgill.com/GooglePredictionMarketPaper.pdf Using prediction markets to track i…'

New page

== Discussion ==

== References ==
Cowgill, B., Wolfers, J., & Zitzewitz, E. (2008). [http://www.bocowgill.com/GooglePredictionMarketPaper.pdf Using prediction markets to track information flows: Evidence from google]. ''Dartmouth College''

[[Category:Business topics]
[[Category:Continuous Double Auction (CDA)]]
[[Category:Corporate]]
[[Category:Current or recreation events]]
[[Category:Gift reward]]
[[Category:Incomplete information]]
[[Category:Initial capital endowment]]
[[Category:Large markets]]
[[Category:Long duration]]
[[Category:Monetary reward]]
[[Category:No-stake in outcome]]
[[Category:Off-platform interaction]]
[[Category:Performance incentive]]
[[Category:Play-money]]
[[Category:Predict]]
[[Category:Reputational reward]]
[[Category:Self-selected traders]]
[[Category:Winner-takes-all securities]]