DTIC ADA529383: Prediction Markets for Defense Acquisition pdf

DTIC ADA529383: Prediction Markets for Defense Acquisition

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Description of the Book:

Asset Value and Market Prices as Predictors * Two dimensions of value for any asset/contract: — Arbitrage value: Potential financial benefit from reselling asset/contract at a higher price at a later date — Intrinsic value: Expected financial benefit of holding the asset/contract indefinitely (or until market closes) * Many people think about the value of stocks in the stock market only in terms of the arbitrage value * Prediction markets provide reasonable predictions only when prices reflect estimate of intrinsic value * Thus, assets and markets must be designed to direct focus toward intrinsic value

• Creator/s: Defense Technical Information Center
• Date: 5/1/2010
• Year: 2010
• Book Topics/Themes: DTIC Archive, , NAVAL POSTGRADUATE SCHOOL MONTEREY CA, *PREDICTIONS, *ACQUISITION, DEFENSE SYSTEMS, SYNERGISM, COSTS, FINANCE, MARKETING

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