Evidence map›Paper›PMID 26259612›Full record

ArticleBMC public health2015

Using prediction markets of market scoring rule to forecast infectious diseases: a case study in Taiwan.

Chen-yuan Tung, Tzu-chuan Chou, Jih-wen Lin

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Article in BMC public health, 2015. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 6 papers.

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6citing papers in PubMed
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1 · What the graph read from it

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3 · Its place in the literature

Who cites it

6 citing papers in PubMed.

  1. Trouble on the horizon: anticipating biological invasions through futures thinking.Biological reviews of the Cambridge Philosophical Society · 2025
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4 · The record

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5 · Who and what money

Authors and funding

3 authors.

Chen-yuan TungGraduate Institute of Development Studies, National Chengchi University, 64, Zhi-Nan Road, Sec. 2, Wenshan, Taipei, 11605, Taiwan. ctung@nccu.edu.tw.
Tzu-chuan ChouCenter for Prediction Markets, National Chengchi University, Taipei, Taiwan. tzuchuan@gmail.com.
Jih-wen LinInstitute of Political Science, Academia Sinica, Department of Political Science, National Chengchi University, Taipei, Taiwan. ljw@sinica.edu.tw.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

backgroundThe Taiwan CDC relied on the historical average number of disease cases or rate (AVG) to depict the trend of epidemic diseases in Taiwan. By comparing the historical average data with prediction markets, we show that the latter have a better prediction capability than the former. Given the volatility of the infectious diseases in Taiwan, historical average is unlikely to be an effective prediction mechanism.

methodsWe designed and built the Epidemic Prediction Markets (EPM) system based upon the trading mechanism of market scoring rule. By using this system, we aggregated dispersed information from various medical professionals to predict influenza, enterovirus, and dengue fever in Taiwan.

resultsEPM was more accurate in 701 out of 1,085 prediction events than the traditional baseline of historical average and the winning ratio of EPM versus AVG was 64.6 % for the target week. For the absolute prediction error of five diseases indicators of three infectious diseases, EPM was more accurate for the target week than AVG except for dengue fever confirmed cases. The winning ratios of EPM versus AVG for the confirmed cases of severe complicated influenza case, the rate of enterovirus infection, and the rate of influenza-like illness in the target week were 69.6 %, 83.9 and 76.0 %, respectively; instead, for the prediction of the confirmed cases of dengue fever and the confirmed cases of severe complicated enterovirus infection, the winning ratios of EPM were all below 50 %.

conclusionsExcept confirmed cases of dengue fever, EPM provided accurate, continuous and real-time predictions of four indicators of three infectious diseases for the target week in Taiwan and outperformed the historical average data of infectious diseases.

Indexed as

Communicable Disease ControlCommunicable DiseasesDengueEnterovirus InfectionsEpidemicsForecastingHumansInfluenza, HumanModels, StatisticalOrganizational Case StudiesTaiwan

Identifiers

PMID26259612
PMCPMC4542101

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