조남운‧박원호‧한규섭‧안도경. 2016. "선거예측시장에서의 당파적 거래: 2012 대선 주식시장에 대한 보고." 『한국정치연구』. 25(3): 197-223. | |
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Title | 조남운‧박원호‧한규섭‧안도경. 2016. "선거예측시장에서의 당파적 거래: 2012 대선 주식시장에 대한 보고." 『한국정치연구』. 25(3): 197-223. |
Link | https://kiss.kstudy.com/thesis/thesis-view.asp?key=3482172 402회 연결 |
This paper reports the results of a political prediction market run during the 2012 Korean presidential election. By analyzing the behaviors of traders, we aim to answer the following questions. First, how does the partisanship or candidate preference of traders affect trading patterns and the prediction market outcome? Second, how does the prohibition of releasing opinion survey results affect the political prediction market? Partisan trading was pervasive in our prediction market and grew stronger during the final phase of the election. However, rather than a direct manifestation of political preference, partisan trading mainly took an indirect form in the sense that it was mediated by traders` prediction of the election outcome which in turn was influenced by confirmation bias. The partisan trading grew stronger, especially among the traders who supported candidate Moon, during the period in which publication of opinion survey results was banned, eventually leading to the market`s failure in predicting the election outcome. |