Information markets : a new way of making decisions

著者

書誌事項

Information markets : a new way of making decisions

editors, Robert W. Hahn and Paul C. Tetlock

AEI Press, c2006

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注記

Includes bibliographical references and index

内容説明・目次

内容説明

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.

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