THE EFFECT OF STOCK ENDOWMENTS ON THE LIQUIDITY OF PREDICTION MARKETS

2012 ◽  
Vol 2 (3) ◽  
pp. 33-46
Author(s):  
Thomas Seemann ◽  
Harald Hungenberg ◽  
Albrecht Enders
Keyword(s):  
Prediction Accuracy ◽  
Prediction Markets ◽  
Online Game ◽  
World Cup ◽  
Fifa World Cup ◽  
Market Participants ◽  
Forecasting Method ◽  
Efficient Prediction ◽  
High Prediction ◽  
The Impact

Prediction markets are considered as a promising new forecasting method that has proven high prediction accuracy in many areas such as politics, sports, and business-related fields. The method is, however, far from being established or even understood. The specific circumstances and market designs that lead to efficient prediction markets need to be further identified. This paper tries to statistically analyze the impact of certain factors in market design. In particular, we analyze the impact of the initial endowments provided to new market participants on the liquidity of prediction markets. Market operators can provide either a cash endowment or a combination of a cash and stock endowment. By evaluating two play-money prediction markets run in parallel during the FIFA World Cup 2006, we show that the stock endowments significantly foster liquidity in the market. We recommend operators of online game markets as well as corporate prediction markets to provide stock and cash endowment to participants instead of pure cash endowments wherever feasible.

INFLUENCES ON THE TRUST IN PREDICTION MARKETS

2012 ◽  
Vol 3 (2) ◽  
pp. 1-20
Author(s):  
Thomas Seemann ◽  
Albrecht Enders ◽  
Harald Hungenberg
Keyword(s):  
Empirical Study ◽  
Structural Equation Model ◽  
Prediction Accuracy ◽  
Structural Equation ◽  
Equation Model ◽  
Prediction Markets ◽  
Prediction Market ◽  
Experimental Prediction ◽  
Forecasting Method ◽  
High Prediction

  Prediction markets are an innovative forecasting method that has proven high prediction accuracy in many areas. The method is, however, far from being established since many organizations are still reluctant to use the method. In particular the trust in the forecast results is a key challenge that negatively impacts the adoption of the method. To get a better understanding of what drives trust in prediction markets we analyzed the perceptions of prediction market users. We identify factors that influence the trust and quantified them in an empirical study. The study is based on user surveys in six experimental prediction markets. The influencing factors were evaluated using a structural equation model. The results demonstrate that participants who are highly engaged and perceive trading in prediction market as exciting and entertaining also put a higher trust in the market results.   

scholarly journals Evaluating the impact of mega-sporting events on hotel pricing strategies: the case of the 2014 FIFA World Cup

2017 ◽  
Vol 72 (2) ◽  
pp. 184-208 ◽  
Author(s):  
Albert A. Barreda ◽  
Sandra Zubieta ◽  
Han Chen ◽  
Marina Cassilha ◽  
Yoshimasa Kageyama
Keyword(s):  
Revenue Management ◽  
Sporting Events ◽  
Pricing Strategies ◽  
World Cup ◽  
Fifa World Cup ◽  
Content Type ◽  
Country Level ◽  
Sporting Event ◽  
Hotel Performance ◽  
The Impact

PurposeThis study aims to examine the impact of a mega-sporting event “2014 FIFA World Cup” on hotel pricing strategies and performance. Design/methodology/approachThe present project examines the host regions’ response to the 2014 FIFA World Cup which was established by the variance in the main hotel key performance indexes: occupancy, average daily rate, revenue per available room (RevPAR) and supply. Using data gathered from STR, this research distinctly shows how the Brazilian host regions reacted to the World Cup. FindingsResults suggest that the key performance indicators of Brazil’s lodging sector reacted differently to the World Cup. Although all hosting cities experienced significant RevPAR growth because of the increase in hotel room rates during the event, the supply and occupancy performed differed from each city. Research limitations/implicationsResearch is limited to the case of hotel performance at the country level for mega-events. The study focused on the reaction of revenue managers in the Latin America context. Other contexts may generate different results. Practical implicationsThe study helps revenue managers to examine how the FIFA World Cup travel demand affected pricing strategies and revenue management practices in the Brazilian hotel sector in areas undergoing seasonal growths in overnight tourism. This study serves to inform hoteliers and practitioners about revenue management pricing strategies to improve hotel performance during mega-sporting events. Social implicationsThis study reveals that the benefits brought by a mega-event are not always translated into strong hotel revenue performance. This study highlights an important but understudied research area of revenue management pricing strategies and the effect of mega-sporting events in the hotel sector. This study contributes to the literature as one of the few investigations to benefit hotel pricing strategies and overall revenue performance. Originality/valueThis study is one of the few studies about exploring the reaction of revenue managers during the execution of a mega-sporting event. The value of the present study lies in the fact that the authors extend previous studies examining the impact of the most important sporting event in the hotel industry at the country-level perspective. This study serves to inform hoteliers and practitioners about revenue management pricing strategies to improve hotel performance during mega-sporting events.

The Impact of Atmosphere in the City on Subjective Well-Being of Rio de Janeiro Residents During (vs. Before) the 2014 FIFA World Cup

2017 ◽  
Vol 31 (6) ◽  
pp. 605-619 ◽  
Author(s):  
Andrea Schlegel ◽  
Rebecca Pfitzner ◽  
Joerg Koenigstorfer
Keyword(s):  
Rio De Janeiro ◽  
Positive Impact ◽  
Well Being ◽  
Subjective Well Being ◽  
Path Modeling ◽  
World Cup ◽  
Fifa World Cup ◽  
Time Period ◽  
The Impact ◽  
The City

This study looks at the hosting of the 2014 Fédération Internationale de Football Association World Cup in Rio de Janeiro and, based on research drawing on environmental psychology and studies of liminality, hypothesizes that the perceived celebrative atmosphere in the city increases subjective well-being of host city residents (cariocas). Data were collected via in-person intercept surveys from 221 and 218 cariocas before and during the event, respectively. There was an increase in subjective well-being from before the event to during the event. The results of two-group path modeling revealed further that there was a positive impact of the perceived celebrative atmosphere in the host city on residents’ subjective well-being during the event; the effect was weaker (though still positive) for the time period when the event was not being hosted. Initiatives may build upon the atmospheric elements in a city to increase subjective well-being of residents, particularly in the context of event hosting.

2002 FIFA World Cup and Its Effects on the Reconciliation between Japan and the Republic of Korea

2005 ◽  
Vol 6 (2) ◽  
pp. 233-257 ◽  
Author(s):  
AKIKO SAKAEDANI
Keyword(s):  
World War Ii ◽  
Historical Context ◽  
Pop Culture ◽  
Republic Of Korea ◽  
World Cup ◽  
Fifa World Cup ◽  
Nation States ◽  
Depth Interview ◽  
The Republic ◽  
The Impact

Japan and the Republic of Korea have been going through a painful process of reconciliation since World War II. But with the momentum created by the FIFA World Cup and the high popularity of Korean pop culture in Japan, the trend shifted and the two countries seem to be enjoying a more amicable relationship. This paper aspires to understand when and how the steps toward reconciliation were taken between the two countries. The overarching research questions are: what steps were taken, and what channels of communication contributed to or hindered the process of reconciliation? Section 1 first lays the historical context of the dispute, and Section 2 assesses the diplomatic steps taken toward reconciliation by applying Assefa's reconciliation model, which leads to an analysis of discrepancy between the governments and the civil societies. Section 3 considers the impact of the FIFA World Cup in 2002, when momentum for friendship was reinforced by the various exchange activities at civil society level, as well as the Korean pop culture. The in-depth interview adds insights and public opinion polls clarify the perceived status of reconciliation. Section 4 concludes by returning to the more generalized issue of how communication between the two nation states has changed with the information technology, which is key to understanding the dynamism of the lingering reconciliation process.

An evaluation of the impact of FIFA World Cup on soccer emergency department injuries among Montreal adolescents

2017 ◽  
Vol 54 (5) ◽  
pp. 515-521
Author(s):  
Glenn Keays ◽  
Debbie Friedman ◽  
Marianne Beaudin ◽  
Isabelle Gagnon
Keyword(s):  
Emergency Department ◽  
World Cup ◽  
Fifa World Cup ◽  
The Impact

The Impact of Hosting the 2018 FIFA World Cup on Differences in TV Viewership Between Seasoned Football Fans and Occasional Watchers of Football Games in Russia

2019 ◽  
Vol 21 (3) ◽  
pp. 256-280
Author(s):  
Daam Van Reeth ◽  
Nikita Osokin
Keyword(s):  
World Cup ◽  
Fifa World Cup ◽  
Mega Events ◽  
Football Fans ◽  
Research Goal ◽  
The Impact ◽  
Audience Size

This article explores Russian TV viewership for football games at seven international football tournaments from 2006 to 2018. The research goal is 2-fold. First, we identify the determinants of Russian viewership for football mega-events. We focus on patriotism effects, and we check for any hosting impact of the 2018 FIFA World Cup in Russia. Second, we analyze how these determinants differ in explaining two distinct TV metrics: Audience Size and Reach. Results indicate that the metrics are partially driven by different determinants which can be linked to two types of viewers: seasoned football fans and occasional watchers of football games.

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