Includes bibliographical references and index.

Idea markets as an evaluation tool : between beauty contests and prediction markets / Marco Ottaviani -- How prediction markets can save event studies / Erik Snowberg, Justin Wolfers and Eric Zitzewitz -- Mechanisms for prediction markets / Yiling Chen -- Information markets for decision making : performance and feasibility / Karen Croxson -- Using prediction markets in new product development / Bernd Skiera and Martin Spann -- Prediction market accuracy for business forecasting / Andreas Graefe -- Price biases and contract design : lessons from tradesports / Richard Borghesi -- The predictive ability of financial markets / Les Coleman -- Markets' ability to predict conditional probabilities : evidence from the us presidential campaign / Lionel Page -- Prediction markets : a study on the taiwan experience / Shu-Heng Chen et al -- Uses of sports wagering-based prediction markets outside of the world of gambling / Rodney J. Paul and Andrew P. Weinbach -- Experimental prediction and pari-mutuel betting markets / Charles Noussair -- The economic analysis of sports betting by expert gamblers and insiders : a survey / John Peirson -- The case of football betting reviewed/ johnnie johnson and a. oikonomodis -- The prediction market for the australian football league / Adi Schnytzer -- Do experts know more than the crowd : a case study / Michael Smith.