| Autor: |
Badulina, Nina, Shatilovich, Dmitry, Zhitlukhin, Mikhail |
| Rok vydání: |
2024 |
| Předmět: |
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| Druh dokumentu: |
Working Paper |
| Popis: |
We propose a dynamic model of a prediction market in which agents predict the values of a sequence of random vectors. The main result shows that if there are agents who make correct (or asymptotically correct) next-period forecasts, then the aggregated market forecasts converge to the next-period conditional expectations of the random vectors. |
| Databáze: |
arXiv |
| Externí odkaz: |
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