Eric Zitzewitz
Biographic Data
| ID | 1135473 |
|---|---|
| NAME | Eric Zitzewitz |
| GIVEN NAMES | Eric |
| FAMILY NAME | Zitzewitz |
| SIGNATURE | ZITZEWITZ E |
| AFFILIATIONS | Stanford University |
| VERIFIED | No |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 67 |
| AUTHOR COUNT | 6 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2001 |
| LATEST PUBLICATION YEAR | 2009 |
| H-INDEX | 4 |
Using Markets to Inform Policy
Financial market‐based analysis of the expected effects of policy changes has traditionally been exclusively retrospective. In this paper, we demonstrate by example how prediction markets make it possible to use markets to prospectively estimate policy effects. We exploit data from a market trading in contracts tied to the ouster of Saddam Hussein as leader of Iraq to learn about financial market participants' expectations of the consequences of …
Party Influence in Congress and the Economy
To understand the extent to which partisan majorities in Congress influence economic policy, we compare financial market responses in recent midterm elections to Presidential elections. We use prediction markets that track election outcomes as a means of precisely timing and calibrating the arrival of news, allowing substantially more precise estimates than a traditional event study methodology. We find that equity values, oil prices, and Treasur…
Retrospective vs. prospective analyses of school inputs
Prediction Markets
We analyze the extent to which simple markets can be used to aggregate disperse information into efficient forecasts of uncertain future events. Drawing together data from a range of prediction contexts, we show that market-generated forecasts are typically fairly accurate, and that they outperform most moderately sophisticated benchmarks. Carefully designed contracts can yield insight into the market's expectations about probabilities, means and…
Measuring Herding and Exaggeration by Equity Analysts and Other Opinion Sellers
Measuring Exaggeration by Analysts and Other Opinion Procedures
Prediction Markets
We analyze the extent to which simple markets can be used to aggregate disperse information into efficient forecasts of uncertain future events. Drawing together data from a range of prediction contexts, we show that market-generated forecasts are typically fairly accurate, and that they outperform most moderately sophisticated benchmarks. Carefully designed contracts can yield insight into the market's expectations about probabilities, means and…
Retrospective vs. prospective analyses of school inputs
Party Influence in Congress and the Economy
To understand the extent to which partisan majorities in Congress influence economic policy, we compare financial market responses in recent midterm elections to Presidential elections. We use prediction markets that track election outcomes as a means of precisely timing and calibrating the arrival of news, allowing substantially more precise estimates than a traditional event study methodology. We find that equity values, oil prices, and Treasur…
Using Markets to Inform Policy
Financial market‐based analysis of the expected effects of policy changes has traditionally been exclusively retrospective. In this paper, we demonstrate by example how prediction markets make it possible to use markets to prospectively estimate policy effects. We exploit data from a market trading in contracts tied to the ouster of Saddam Hussein as leader of Iraq to learn about financial market participants' expectations of the consequences of …
Measuring Exaggeration by Analysts and Other Opinion Procedures
Measuring Herding and Exaggeration by Equity Analysts and Other Opinion Sellers
Retrospective vs. prospective analyses of school inputs
Prediction Markets
We analyze the extent to which simple markets can be used to aggregate disperse information into efficient forecasts of uncertain future events. Drawing together data from a range of prediction contexts, we show that market-generated forecasts are typically fairly accurate, and that they outperform most moderately sophisticated benchmarks. Carefully designed contracts can yield insight into the market's expectations about probabilities, means and…
Party Influence in Congress and the Economy
To understand the extent to which partisan majorities in Congress influence economic policy, we compare financial market responses in recent midterm elections to Presidential elections. We use prediction markets that track election outcomes as a means of precisely timing and calibrating the arrival of news, allowing substantially more precise estimates than a traditional event study methodology. We find that equity values, oil prices, and Treasur…
Using Markets to Inform Policy
Financial market‐based analysis of the expected effects of policy changes has traditionally been exclusively retrospective. In this paper, we demonstrate by example how prediction markets make it possible to use markets to prospectively estimate policy effects. We exploit data from a market trading in contracts tied to the ouster of Saddam Hussein as leader of Iraq to learn about financial market participants' expectations of the consequences of …
Economics (4 works) · Political science (4 works) · Finance (3 works) · Financial economics (3 works) · Financial Markets and Investment Strategies (3 works) · Business (2 works) · Econometrics (2 works) · Exaggeration (2 works) · Financial market (2 works) · Law (2 works)