The Real Power of Artificial Markets

@article{Pennock2001TheRP,
  title={The Real Power of Artificial Markets},
  author={David M. Pennock and Steve Lawrence and C. Lee Giles and Finn {\AA}rup Nielsen},
  journal={Science},
  year={2001},
  volume={291},
  pages={987 - 988}
}
Assessing the probabilities of future events is a problem often faced by science policymakers. For example, CERN, the European laboratory for particle physics, recently had to judge whether the probability of discovering a Higgs boson was high enough to justify extending the operation of its collider (see Science, 22 Sept., p. 2014 and 29 Sept., p. 2260). At the Foresight Exchange (FX) Web site (http://www. ideosphere.com/), traders can actually bet on the outcomes of unresolved scientific… Expand
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