The extent of price misalignment in prediction markets
نویسندگان
چکیده
منابع مشابه
The extent of price misalignment in prediction markets
We study misaligned prices for logically related contracts in prediction markets. First, we uncover persistent arbitrage opportunities for risk-neutral investors between identical contracts on different exchanges. Examining the impact of several thousand dollars of transactions on the exchanges themselves in a randomized field trial, we document that price support extends well beyond what is se...
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Price manipulation in prediction markets: analysis and mitigation
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ژورنال
عنوان ژورنال: Algorithmic Finance
سال: 2014
ISSN: 2157-6203,2158-5571
DOI: 10.3233/af-140031