Manipulations in Prediction Markets: Analysis of Trading Behaviour not Conforming with Trading Regulations
Jan Schröder, "Manipulations in Prediction Markets: Analysis of Trading Behaviour not Conforming with Trading Regulations"
KIT | 2009 | ISBN: 3866443447 | 176 pages | PDF | 5,4 MB
KIT | 2009 | ISBN: 3866443447 | 176 pages | PDF | 5,4 MB
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.
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