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About this product
Product Identifiers
PublisherAmerican Enterprise Institute for Public Policy Research
ISBN-100844742287
ISBN-139780844742281
eBay Product ID (ePID)51442357
Product Key Features
Book TitleInformation Markets : a New Way of Making Decisions
Number of Pages216 Pages
LanguageEnglish
Publication Year2006
TopicKnowledge Capital, Information Management
IllustratorYes
GenreBusiness & Economics
AuthorPaul C. Tetlock
FormatPerfect
Dimensions
Item Height0.6 in
Item Weight12 Oz
Item Length9 in
Item Width6.4 in
Additional Product Features
Intended AudienceTrade
LCCN2006-005981
SynopsisInformation markets have proven to be so remarkably accurate at predicting a wide range of events, from presidential elections to Oscar winners, that scholars are challenged to examine the potential for using this innovative tool in other areas. This book brings together nine leading scholars to evaluate the applicability of information markets to the work of policymakers, non-profit organizations, and the private sector., This collection of essays provides a state-of-the-art analysis of the potential impact of information markets on public policy and private decision-making., Information markets are markets for contracts that yield payments based on the outcome of an uncertain future event. They are used to predict a wide range of events, from presidential elections to printer sales. These markets frequently outperform both experts and opinion polls, and many scholars believe they have the potential to revolutionize policymaking. At the same time, they present a number of challenges. This collection of essays provides a state-of-the-art analysis of the potential impact of information markets on public policy and private decision-making. The authors assess what we really know about information markets, examine the potential of information markets to improve policy, lay out a research agenda to help improve our understanding of information markets, and explain how we might systematically improve the design of such markets.