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

    …, between 1908 and 1940, Sears Roebuck delivered 75000 pre-fab houses to customers who picked out a style and shape through a catalog. Needless to say, the reach and quality of the web dramatically expanded this, creating a much larger — but still very virtual — ecommerce sector. Adjusted for inflation, the ecommerce industry, measured by the US…

    Steven Jacobs/ Street Fightin Facebook YouTube- 3 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- 12 readers -
Get the top posts daily into your mailbox!