Manipulations in Prediction Markets : Analysis of Trading Behaviour not Conforming with Trading Regulations

Fraud and manipulation in prediction markets are systematic results of incentive incompatibility, which, if present, have to be detected and balanced. ""Manipulations in Prediction Markets"" gives a critical insight into manipulations that are most likely to occur in prediction m...

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Year of Publication:2009
Language:English
Physical Description:1 electronic resource (VII, 164 p. p.)
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Other title:Manipulations in Prediction Markets
Summary:Fraud and manipulation in prediction markets are systematic results of incentive incompatibility, which, if present, have to be detected and balanced. ""Manipulations in Prediction Markets"" gives a critical insight into manipulations that are most likely to occur in prediction markets. In a general approach the book discusses the issue of incentives in markets and the breakdown of the incentive system. On this basis a new way of detecting irregular trading behaviour is introduced.
ISBN:1000010432
Hierarchical level:Monograph