Region Focus

Spring 2007

Ask the Market

Companies are leading the way in the use of prediction markets. The public sector may soon follow
By Vanessa Sumo

Related Links

G├╝rkaynak, Refet, and Justin Wolfers. "Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty, and Risk." NBER Working Paper No. 11929, January 2006.

Hahn, Robert W., and Paul C. Tetlock, ed. "Information Markets: A New Way of Making Decisions."AEI-Brookings Joint Center for Regulatory Studies, 2006.

Hanson, Robin. "Shall We Vote on Values, But Bet on Beliefs?" Working Paper, Department of Economics, George Mason University, September 2003.

Kwan, Simon. "Inflation Expectations: How the Market Speaks." Federal Reserve Bank of San Francisco Economic Letter, October 3, 2005, no. 2005-25.

Servan-Schreiber, Emile, Justin Wolfers, David M. Pennock, and Brian Galebach. "Prediction Markets: Does Money Matter?" Electronic Markets, September 2004, vol. 14, no. 3.

Wolfers, Justin, and Eric Zitzewitz. "Prediction Markets." Journal of Economic Perspectives, Spring 2004, vol. 18, no. 2, pp. 107-126.

Wolfers, Justin, and Eric Zitzewitz. "Prediction Markets in Theory and Practice." New Palgrave Dictionary of Economics, 2nd ed., forthcoming.

Contact Us

Aaron Steelman
Publications Director

Order Publications

Order single copies of or subscribe to Econ Focus (formerly Region Focus) and other publications from the Federal Reserve System.