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Using Information Aggregation Markets for Decision Support
Patrick Buckley
Pages - 133 - 143     |    Revised - 15-05-2012     |    Published - 20-06-2012
Volume - 3   Issue - 3    |    Publication Date - June 2012  Table of Contents
Information Aggregation Markets, Decision Making, Decision Support Systems
Information Aggregation Markets, often referred to as prediction markets, are markets that are designed to aggregate information from a disparate pool of human individuals to make predictions about the likely outcome of future uncertain events. This paper looks at how Information Aggregation Markets can be incorporated into the standard body of decision making theory. It examines how Information Aggregation Markets can be used as decision support systems, and provides empirical evidence from a wide variety of sources as to the effectiveness and practicality of Information Aggregation Markets. Finally, this paper details some future research questions to be addressed in the area of Information Aggregation Markets.
CITED BY (2)  
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2 Ossadnik, W., Kaspar, R. H., & Schinke, S. M. (2013). Constructing a Tailor-made Performance Management System Supported by Knowledge Elicitation Tools and Dynamic Modeling.
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Dr. Patrick Buckley
University of Limerick - Ireland