Simulation of news markets

• Authors: Nemeth A.
• Languages of publication: HU

Abstracts

EN

By a news market is meant an electronic market where bets can be taken on various future events. Several examinations have shown that such markets can gather dispersed partial information from their actors into a single rate of exchange (information aggregation) and thereby predict events. The study sets out to present a model of these news markets and their actors and examine the information aggregation. The model devised describes the thinking and behaviour of the market actors and runs simulations in which agents based on the models trade. The findings confirm the model's validity and draw attention to some interesting facets of how information aggregation works.

Keywords

EN

INFORMATION AGGREGATION; NEWS MARKET MODEL; NEWS MARKET SIMULATION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2005
• Volume: 52
• Issue: 3
• Pages: 249-274
• Document type: ARTICLE

Contributors

author

Nemeth A.

• A. Nemeth, no address given, contact the journal editor

Identifiers

CEJSH db identifier

07HUAAAA02956020