A Prediction Market Is A

question 18

Multiple Choice

A prediction market is a:

• A) perfectly functioning futures market, so that futures output can be interpreted as probabilities and used to make predictions.
• B) perfectly functioning futures market, so that futures prices can be interpreted as probabilities and used to make predictions.
• C) speculative market carefully designed so that output can be interpreted as probabilities and used to make predictions.
• D) speculative market carefully designed so that prices can be interpreted as probabilities and used to make predictions.

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Definitions:

Lexicon

The vocabulary of a person, language, or branch of knowledge, including words, phrases, and terminologies.

Grammar

The system of rules that governs the structure of sentences in a language, including syntax, punctuation, and word use.

Hurricane Maria

A devastating Category 5 hurricane that struck the Caribbean, particularly Puerto Rico, in September 2017, causing widespread destruction.

Social Structure

The ordered and persisting relationships among the positions in a social system.