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| Author: | Spann, M. Skiera, B. |
| Title: | Internet-based virtual stock markets for business forecasting |
| Journal: | Management Science
2003 : OCT, VOL. 49:1, p. 1310-1326 |
| Index terms: | Business forecasting Internet Stock markets Virtual reality |
| Language: | eng |
| Abstract: | The application of Internet-based virtual stock markets (VSMs) is an additional approach that can be used to predict short- and medium-term market developments. The basic concept involves bringing a group of participants together via the Internet and allowing them to trade shares of virtual stocks. These stocks represent a bet on the outcome of future market situations, and their value depends on the realization of these market situations. In this process, a VSM elicits and aggregates the assessments of its participants concerning future market developments. This article aims at evaluating the potential use and the different design possibilities as well as forecast accuracy and performance of VSMs compared to expert predictions for their application to business forecasting. |
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