The Promise of Prediction Markets

Authors: Kenneth J. Arrow, Robert Forsythe, Michael Gorham, Robert W. Hahn, Robin Hanson, John O. Ledyard, Saul Levmore, Robert E. Litan, Paul Milgrom, Forrest D. Nelson, George R. Neumann, Marco Ottaviani, Thomas C. Schelling, Robert J. Shiller, Vernon L. Smith, Erik Snowberg, Cass R. Sunstein, Paul C. Tetlock, Philip E. Tetlock, Hal R. Varian, Justin Wolfers, Eric Zitzewitz - Science 2008 cited by 387

The ability of groups of people to make predictions is a potent research tool that should be freed of unnecessary government restrictions.