Adam Gersl - Academia.edu (original) (raw)

According to the effective market theory, the stock prize on an effective market is the best esti... more According to the effective market theory, the stock prize on an effective market is the best estimate of the stock's current value. This is the basic assumption for predictions using experimental markets. This article describes the first experimental market organised in the Czech Republic, the experimental political market for Czech parliamentary elections in June 2002. In the beginning we briefly