Virtual Markets

Prediction markets (also known as predictive markets, information markets, decision markets, idea futures, event derivatives, or virtual markets) are speculative markets created for the purpose of making predictions. The current market prices can then be interpreted as predictions of the probability of the event or the expected value of the parameter. For example, a prediction market security might reward a dollar if a particular candidate is elected, such that an individual who thinks the candidate had a 70% chance of being elected should be willing to pay up to 70 cents for such a security.
Posts about Virtual Markets
  • The Democratization of Local Commerce and the Future of Physical Exchange

    … — not necessarily user experience one. The growth of virtual commerce To an extent, the same can be said about the ecommerce industry. Companies such Amazon grew out of a catalog and mail order sector that introduced virtual, or what the census calls “nonstore,” purchasing to Americans at the turn of the 20th century (with equally ambitious offerings.) In fact…

    Steven Jacobs/ Street Fightin Facebook YouTube- 4 readers -
  • In Apple Pay, Signs of a Digital (Payments) Divide

    … near field communication (NFC). To understand Apple Pay, it’s important to look at the viability of each scenario within their respective markets. The ecommerce market, where the virtual payments would be made, is still relatively young. Online, critical institutions such as payments remain not only inefficient — but structurally incomplete…

    Steven Jacobs/ Street Fight- 13 readers -
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